Libertas College Preparatory

Analysis

Libertas College Preparatory is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2015, 11 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 2023, Libertas College Preparatory reported income of $5.9m and spending of $5.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.9m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Libertas College Preparatory sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Logos Preparatory Academy ($5.9m), Kingston Educational Holdings 1 Inc ($5.9m) and Communities in Schools Southeast Harris County Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $174k (3.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $7.1m against liabilities of $5.5m, net assets of $1.6m. It reported 75 employees.