Liberty Housing Development Corp

Analysis

Liberty Housing Development Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Liberty Housing Development Corp reported income of $114k and spending of $232k, spending 204% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $224k to $114k (-49%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 223%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Liberty Housing Development Corp sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include CSP Kehillah Housing ($114k), Crown Hill Manor I Inc ($114k) and Freedom House II ($114k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 91% of the total. Other salaries and wages came to $31k. At year end it held assets of $2.3m against liabilities of $1.9m, net assets of $343k.