Liberty Painting Corp

Analysis

Liberty Painting Corp is a registered charity in United States, based in Yreka, CA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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 December 2023, Liberty Painting Corp reported income of $118k and spending of $129k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $118k (-11%), an average of -11% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liberty Painting Corp sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Iowa Architectural Foundation ($118k), Teachers on Fire ($118k) and Harry Hammerly Estate Trust Janie Hammerly Memorial Fund ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 1.7% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.