Liberty Community Services Inc

Analysis

Liberty Community Services Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 1987, 39 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 2024, Liberty Community Services Inc reported income of $6.2m and spending of $6.3m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.0m to $6.2m (+54%), an average of +9.0% a year. The sharpest change came in the year to June 2024, when income rose by 19%. 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 Community Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include San Francisco Network Ministries Housing Corporation ($6.2m), New Haven Legal Assistance Association Inc ($6.2m) and Der Yid Inc ($6.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $210k (3.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.6m against liabilities of $5.0m, net assets of $570k. It reported 59 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.