Liberty Apartments Inc

Analysis

Liberty Apartments Inc is a registered charity in United States, based in Fulton, MO. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Liberty Apartments Inc reported income of $133k and spending of $146k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $133k (+31%), an average of +6.9% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Liberty Apartments Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MO. Charities of a similar size with the same main cause include Sweet Beulah Gardens Inc ($133k), South 7 Senior Housing ($133k) and Lockwood Community Corporation ($132k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $669k against liabilities of $103k, net assets of $566k.

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.