Libertas Classical Association

Analysis

Libertas Classical Association is a registered charity in United States, based in Hudsonville, MI. It received its IRS tax-exemption ruling in June 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 Classical Association reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.2m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Libertas Classical Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Friends of Tiferet Tzion Inc ($1.2m), The Center for Cartoon Studies Inc ($1.2m) and Aspire Charter Academy Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $62k (4.3% of expenses). Other salaries and wages came to $841k. At year end it held assets of $188k against liabilities of $14k, net assets of $174k. It reported 57 employees.