Liber Inc

Analysis

Liber Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in December 2011, 15 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 2024, Liber Inc reported income of $6.9m and spending of $4.1m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $6.9m (+115%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liber Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NV. Charities of a similar size with the same main cause include The Innovation Academy Inc ($6.9m), National Center for the Improvement of Educational Assessment Inc ($6.9m) and Noah Webster Schools-Mesa ($6.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $90k (2.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $10.4m against liabilities of $88k, net assets of $10.3m. It reported 69 employees.