Liberty Healthcare System Foundation Inc

Analysis

Liberty Healthcare System Foundation Inc is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Healthcare System Foundation Inc reported income of $1.5m and spending of $4.7m, spending 319% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income rose by 123%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Liberty Healthcare System Foundation Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include G Fred Dibona Jr Memorial Foundation ($1.5m), United Mid-Coast Charities Inc ($1.5m) and Mount Kisco Interfaith Food Pantry Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.5% of the total. At year end it held assets of $4.2m against liabilities of $1.0m, net assets of $3.2m.