FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION: THE LIBERTY THEATRE IS A COMMUNITY GATHERING SPACE OFFERING A VARIETY OF PERFORMING ARTS EXPERIENCES. 21,000 ATTENDEES YEARLY. EDUCATIONAL PROGRAMMING THROUGH FREE WORKSHOPS, FIELD TRIPS, FREE THEATRE CAMPS, AFTER-SCHOOL PROGRAMS, AND LOW-COST PERFORMANCES. 2,725 STUDENTS SERVED YEARLY. DUE TO COVID-19, THE THEATRE WAS CLOSED TO PUBLIC EVENTS FOR NEARLY 18 MONTHS, RESULTING IN A SHORTFALL FROM LOST MARKETING, RETURNED TICKET FEES, REDUCED AUDIENCES, AND PERFORMANCE DEPOSITS. THEATRE DID NOT FULLY REOPEN UNTIL OCTOBER 2021. AUDIENCES WERE SLOW TO RETURN DUE TO UNCERTAINTY ABOUT THE VIRUS. HIGHER PROGRAM COSTS DUE TO REDUCED ENTERTAINMENT TOURING INDUSTRY AND HIGH COSTS OF PERFORMANCE FEES AND MARKETING.
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2022 Form 990 Jul 1, 2022 to Jun 30, 2023 | $1,153,757 ↓ | $1,495,588 | $4,970,844 |
| 2021 Form 990 Jul 1, 2021 to Jun 30, 2022 | $1,208,704 ↑ | $1,235,122 | $5,317,641 |
| 2020 Form 990 Jul 1, 2020 to Jun 30, 2021 | $968,434 ↑ | $587,531 | $5,344,059 |
| 2019 Form 990 Jul 1, 2019 to Jun 30, 2020 | $955,311 ↓ | $695,231 | $4,879,989 |
| 2019 Form 990 Jul 1, 2019 to Jun 30, 2020 | $1,038,478 ↑ | $695,231 | $4,963,156 |
| 2018 Form 990 Jul 1, 2018 to Jun 30, 2019 | $759,907 ↑ | $876,136 | $4,619,909 |
| 2017 Form 990 Jul 1, 2017 to Jun 30, 2018 | $371,937 | $366,582 | $6,211,008 |
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