Liberty Restoration Inc

Analysis

Liberty Restoration Inc is a registered charity in United States, based in Astoria, OR. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Liberty Restoration Inc reported income of $1.2m and spending of $1.5m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $760k to $1.2m (+52%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Liberty Restoration Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within OR. Charities of a similar size with the same main cause include Indigenous Values Initiative ($1.2m), Art in Action ($1.2m) and Cultural Center of Cape Cod Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $64k (4.3% of expenses). Other salaries and wages came to $300k. At year end it held assets of $5.2m against liabilities of $248k, net assets of $5.0m. It reported 14 employees.