Libertas School

Analysis

Libertas School is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2014, 12 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, Libertas School reported income of $9.9m and spending of $7.9m, spending 80% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.8m to $9.9m (+106%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Libertas School 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 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Henrico Education Foundation Incorporated ($9.9m), Breakthrough Public Schools ($9.9m) and Mid-Atlantic Region Commission on Higher Education ($9.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $141k (1.8% of expenses). At year end it held assets of $16.6m against liabilities of $6.4m, net assets of $10.2m. It reported 144 employees.