Libertas Network

Analysis

Libertas Network is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Libertas Network reported income of $14.4m and spending of $12.9m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $14.4m (+429%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 233%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Libertas Network sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Cedars of Marin ($14.4m), Girl Scouts of Eastern Missouri Inc ($14.4m) and Times2 Inc ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $315k (2.4% of expenses). Other salaries and wages came to $2.3m. It paid $218k in professional fundraising fees. At year end it held assets of $9.0m against liabilities of $2.6m, net assets of $6.4m. It reported 95 employees.