Liberty Corner Enterprises Inc

Analysis

Liberty Corner Enterprises Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Liberty Corner Enterprises Inc reported income of $3.8m and spending of $3.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.8m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Liberty Corner Enterprises Inc 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 90th percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Launch New York Inc ($3.8m), New York Communities Organizing Fund Inc ($3.8m) and Arkansas Human Development Corporation ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $122k (3.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $1.4m against liabilities of $578k, net assets of $778k. It reported 107 employees.