Revive 1787 Ltd

Overview

Revive 1787 Ltd is a non-profit organization registered as a 501(c)(3) under Title 26 of the United States Code. This designation makes the organization exempt from federal income tax, and donations to it are tax-deductible.

Purpose and Activities

Revive 1787 Ltd was founded in 2012 as an educational charity with a focus on promoting Biblical freedom and encouraging Godly action in contemporary culture. The organization aims to educate about founding faith foundations, acting as a champion for these principles.

Financial Overview

As a non-profit, Revive 1787 Ltd is required to file annual financial reports. According to available records from 2016, the organization reported gross receipts from all sources of approximately $27,939. In that fiscal year, contributions, grants, and gifts totaled $15,000. Total expenses for the year were $29,224, which included $5,000 in grants and similar amounts paid, as well as $3,500 in fees and other payments to independent contractors. By the end of the fiscal year, the organization's net assets or fund balances stood at -$1,285, indicating operational challenges.

In an earlier fiscal year (ending August 31, 2015), Revive 1787 Ltd reported gross receipts of $34,026, including contributions of $25,600. Expenses for that year significantly exceeded revenues, leading to a negative net asset balance of -$18,878.

Recent Developments

In 2024, Revive 1787 Ltd experienced an automatic revocation of its federal tax exempt status due to failure to file the required Form 990 returns for three consecutive years. However, the organization was reinstated shortly after.

Educational Outreach

One of the notable initiatives of Revive 1787 Ltd is its sponsorship of the Liberty Foundations Scholarship, aiming to promote educational goals aligned with its mission.

Tax Status

Despite the temporary loss of tax-exempt status, Revive 1787 Ltd was reinstated, ensuring that donations remain tax-deductible. However, the organization's ability to maintain compliance with IRS reporting requirements will be crucial for maintaining its exempt status.