Liberty Foundation Inc

Analysis

Liberty Foundation Inc is a registered charity in United States, based in Amsterdam, NY. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Liberty Foundation Inc reported income of $960k and spending of $335k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $960k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liberty Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include The Community Helpers Inc ($960k), Lake Oswego School Dist Foundation Inc ($960k) and Krotona Institute of Theosophy ($959k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% of the total. Other salaries and wages came to $106k. At year end it held assets of $41.0m against liabilities of $40k, net assets of $41.0m.