Liberty Foundation Inc

Analysis

Liberty Foundation Inc is a registered charity in United States, based in Douglas, GA. It received its IRS tax-exemption ruling in February 2004, 22 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 September 2023, Liberty Foundation Inc reported income of $98k and spending of $261k, spending 268% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $354k to $98k (-72%), an average of -28% a year. The sharpest change came in the year to September 2023, when income rose by 274%. Over the whole period it spent 360% 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 Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within GA. Charities of a similar size with the same main cause include Plataforma Eje Inc ($98k), Sappington House Foundation ($98k) and National Association of Academies of Science ($98k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.6% and program service revenue 24% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.6m against liabilities of $1.2m, net assets of $344k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.