The Spirit of Liberty Foundation Inc

Analysis

The Spirit of Liberty Foundation Inc is a registered charity in United States, based in Rcho Santa Fe, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, The Spirit of Liberty Foundation Inc reported income of $134k and spending of $159k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $179k to $134k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Spirit of Liberty Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Orestimba Scholarship Community Association ($134k), Nevada Mercy and Care Inc ($134k) and Faith Ministries Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,609 against liabilities of $5,507, net assets of $3,102.