Liberty Resources Inc

Analysis

Liberty Resources Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2023, Liberty Resources Inc reported income of $33.5m and spending of $36.6m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $36.5m to $33.5m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liberty Resources Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Montverde Academy ($33.5m), Coalition for Hispanic Family Ser ($33.6m) and Via Christi Healthcare Outreach Program for Elders Inc ($33.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $567k (1.5% of expenses). Other salaries and wages came to $25.2m. At year end it held assets of $12.6m against liabilities of $5.0m, net assets of $7.6m. It reported 989 employees.