Liberty Science Center Inc
Liberty Science Center: Strong Growth, High Program Spending
EIN: 222302253 · Jersey City, NJ · NTEE: A570 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $36.7M |
| Total Expenses | $29.9M |
| Program Spending | 80% |
| Net Assets | $125.3M |
| Transparency Score | 85/100 |
Is Liberty Science Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Liberty Science Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Liberty Science Center Inc
Liberty Science Center Inc (EIN: 222302253) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code A570. The organization reported total revenue of $36.7M and total assets of $151.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Liberty Science Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Liberty Science Center Inc is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40.3M |
| Total Expenses | $29.9M |
| Surplus / Deficit | +$10.4M |
| Total Assets | $145.1M |
| Total Liabilities | $19.9M |
| Net Assets | $125.3M |
| Operating Margin | 25.8% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 58.2 months |
Financial Health Grade: A
In 2023, Liberty Science Center Inc reported a surplus of $10.4M with revenue exceeding expenses, holds 58.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Liberty Science Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.6% | +24.8% | +11.1% |
| 2022 | +7.8% | +9.2% | +2.9% |
| 2021 | -6.7% | -18.0% | +7.0% |
| 2020 | -5.9% | -12.3% | +2.6% |
| 2019 | -15.3% | -0.8% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Liberty Science Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Liberty Science Center Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Liberty Science Center Inc:
- Consistent revenue growth from $29.3M in 2022 to $36.7M in 2023, indicating strong financial health.
- Significant asset growth from $94.6M in 2016 to $151.2M in 2023, demonstrating effective asset management and expansion.
- Low liability-to-asset ratio, indicating a strong balance sheet.
- Consistent program spending, reflecting a commitment to its mission.
- Positive trend in net assets over the past several years.
Frequently Asked Questions about Liberty Science Center Inc
Is Liberty Science Center Inc a legitimate charity?
Liberty Science Center Inc (EIN: 222302253) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $36.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Liberty Science Center Inc spend its money?
Liberty Science Center Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Liberty Science Center Inc tax-deductible?
Liberty Science Center Inc is registered as a tax-exempt nonprofit (EIN: 222302253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Liberty Science Center Inc's spending goes to programs?
Liberty Science Center Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Liberty Science Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Liberty Science Center Inc is above average for NTEE category A570 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Liberty Science Center Inc located?
Liberty Science Center Inc is headquartered in Jersey City, New Jersey and files with the IRS under EIN 222302253. It is classified under NTEE code A570.
How many years of IRS 990 filings does Liberty Science Center Inc have?
Liberty Science Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $36.7M in total revenue.
What does Liberty Science Center Inc do?
Liberty Science Center Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Jersey City, New Jersey. It is classified under NTEE code A570.
How much revenue does Liberty Science Center Inc have?
Liberty Science Center Inc reported total revenue of $36,747,416. Based on 13 IRS 990 filings on record.
What are Liberty Science Center Inc's total assets?
Liberty Science Center Inc holds total assets of $151,286,127 as reported in IRS 990 filings.
Where is Liberty Science Center Inc located?
Liberty Science Center Inc is based in Jersey City, New Jersey.
What is Liberty Science Center Inc's EIN?
Liberty Science Center Inc's Employer Identification Number (EIN) is 222302253. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Liberty Science Center Inc?
Liberty Science Center Inc is classified under NTEE code A570 (Arts, Culture & Humanities).
Is Liberty Science Center Inc a registered 501(c)(3)?
Yes, Liberty Science Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 222302253.
Does Liberty Science Center Inc file IRS Form 990?
Yes, Liberty Science Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Liberty Science Center Inc's revenue in 2023?
In the 202306 filing period, Liberty Science Center Inc reported total revenue of $40,343,463, total expenses of $29,921,074, and net assets of $145,135,950.
Is Liberty Science Center Inc's revenue growing or declining?
Liberty Science Center Inc's revenue is growing. Revenue went from $29,310,016 (202206) to $40,343,463 (202306), a +37.6% change. Based on 13 filings on record.
What is Liberty Science Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Liberty Science Center Inc covers tax period 202306. It shows revenue of $40,343,463, expenses of $29,921,074, total assets of $145,135,950, and liabilities of $19,852,509.
How much does Liberty Science Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Liberty Science Center Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Liberty Science Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Liberty Science Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Liberty Science Center Inc's strengths?
Positive indicators for Liberty Science Center Inc include: Consistent revenue growth from $29.3M in 2022 to $36.7M in 2023, indicating strong financial health.. Significant asset growth from $94.6M in 2016 to $151.2M in 2023, demonstrating effective asset management and expansion.. Low liability-to-asset ratio, indicating a strong balance sheet.. Consistent program spending, reflecting a commitment to its mission.. Positive trend in net assets over the past several years.. These findings are derived from AI analysis of the organization's financial filings.
How does Liberty Science Center Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Liberty Science Center managed to achieve such consistent asset growth over the past decade, and what specific investments or capital projects have contributed most significantly to this expansion?
The consistent asset growth from $94.6M in 2016 to $151.2M in 2023 suggests strategic capital investments and potentially successful fundraising for facility enhancements or new exhibits. Further investigation into their capital expenditure reports would reveal specific projects like new wings, exhibit upgrades, or land acquisitions that drove this growth.
Given the fluctuations in revenue, particularly the dip in 2020 and subsequent recovery, what strategies did Liberty Science Center employ to navigate the challenges of the pandemic and return to strong financial performance?
The dip in revenue in 2020 (from $30.9M in 2019 to $29.1M) and subsequent recovery to $36.7M in 2023 indicates effective crisis management. Strategies likely included adapting programming for virtual engagement, securing emergency funding, and implementing robust reopening plans to attract visitors back, demonstrating resilience and adaptability.
Filing History
IRS 990 filing history for Liberty Science Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Liberty Science Center Inc's revenue has grown by 112.2%, moving from $19.0M to $40.3M. Total assets increased by 55.1% over the same period, from $93.6M to $145.1M. Total functional expenses rose by 7.6%, from $27.8M to $29.9M. In its most recent filing year (2023), Liberty Science Center Inc reported a surplus of $10.4M, with revenue exceeding expenses. The organization holds $19.9M in liabilities against $145.1M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $125.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40.3M | $29.9M | $145.1M | $19.9M | — | — |
| 2022 | $29.3M | $24.0M | $130.7M | $16.1M | — | View 990 |
| 2021 | $27.2M | $21.9M | $127.0M | $17.0M | — | — |
| 2020 | $29.1M | $26.7M | $118.7M | $14.6M | — | — |
| 2019 | $31.0M | $30.5M | $115.6M | $13.8M | — | View 990 |
| 2018 | $36.6M | $30.7M | $115.0M | $13.5M | — | View 990 |
| 2017 | $43.3M | $27.6M | $109.2M | $13.6M | — | View 990 |
| 2016 | $30.5M | $26.3M | $94.7M | $14.9M | — | View 990 |
| 2015 | $22.1M | $24.0M | $89.8M | $17.5M | — | View 990 |
| 2014 | $19.4M | $23.7M | $86.7M | $12.2M | — | View 990 |
| 2013 | $25.9M | $23.6M | $91.1M | $12.4M | — | View 990 |
| 2012 | $23.8M | $26.5M | $88.9M | $12.7M | — | View 990 |
| 2011 | $19.0M | $27.8M | $93.6M | $14.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40.3M, expenses of $29.9M, and assets of $145.1M (revenue +37.6% year-over-year).
- 2022: Revenue of $29.3M, expenses of $24.0M, and assets of $130.7M (revenue +7.8% year-over-year).
- 2021: Revenue of $27.2M, expenses of $21.9M, and assets of $127.0M (revenue -6.7% year-over-year).
- 2020: Revenue of $29.1M, expenses of $26.7M, and assets of $118.7M (revenue -5.9% year-over-year).
- 2019: Revenue of $31.0M, expenses of $30.5M, and assets of $115.6M (revenue -15.3% year-over-year).
- 2018: Revenue of $36.6M, expenses of $30.7M, and assets of $115.0M (revenue -15.6% year-over-year).
- 2017: Revenue of $43.3M, expenses of $27.6M, and assets of $109.2M (revenue +42.2% year-over-year).
- 2016: Revenue of $30.5M, expenses of $26.3M, and assets of $94.7M (revenue +37.7% year-over-year).
- 2015: Revenue of $22.1M, expenses of $24.0M, and assets of $89.8M (revenue +13.9% year-over-year).
- 2014: Revenue of $19.4M, expenses of $23.7M, and assets of $86.7M (revenue -25.0% year-over-year).
- 2013: Revenue of $25.9M, expenses of $23.6M, and assets of $91.1M (revenue +8.8% year-over-year).
- 2012: Revenue of $23.8M, expenses of $26.5M, and assets of $88.9M (revenue +25.2% year-over-year).
- 2011: Revenue of $19.0M, expenses of $27.8M, and assets of $93.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Liberty Science Center Inc:
Data Sources and Methodology
This transparency report for Liberty Science Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.