Libera Inc

Analysis

Libera Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Libera Inc reported income of $648k and spending of $597k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $397k to $648k (+63%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Libera Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within WV. Charities of a similar size with the same main cause include Keaton Franklin Coker Foundation Inc ($648k), Frenchtown Senior Citizens Inc ($648k) and Colonas Kidz Educational Day Care ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $74k (12% of expenses). Other salaries and wages came to $311k. At year end it held assets of $222k against liabilities of $35k, net assets of $186k. It reported 10 employees.