Liberty School Inc

Analysis

Liberty School Inc is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Liberty School Inc reported income of $712k and spending of $751k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $583k to $712k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liberty School Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Leadership Society of Arizona ($711k), Kula Aupuni Niihau a Kahele Aloha ($712k) and Deep Valley Christian School ($711k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $32k (4.2% of expenses). Other salaries and wages came to $369k. At year end it held assets of $3.9m against liabilities of $1.4m, net assets of $2.5m. It reported 19 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.