Liberty University Inc

Analysis

Liberty University Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in January 1974, 52 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, Liberty University Inc reported income of $1.57bn and spending of $1.38bn, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.34bn to $1.57bn (+17%), an average of +5.2% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liberty University Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Temple University-Of the Commonwealth System of Higher Educ ($1.54bn), Trustees of Dartmouth College ($1.60bn) and Case Western Reserve University ($1.53bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $9.4m (0.7% of expenses). Other salaries and wages came to $452.4m. At year end it held assets of $4.16bn against liabilities of $308.5m, net assets of $3.85bn. It reported 13,165 employees.