Liberia Economic and Social Development Inc

Analysis

Liberia Economic and Social Development Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2022, Liberia Economic and Social Development Inc reported income of $539k and spending of $632k, spending 117% of what it took in. Across the 5 years on record, from September 2018 to September 2022, income fell from $623k to $539k (-13%), an average of -3.5% a year. The sharpest change came in the year to September 2022, when income rose by 58%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Liberia Economic and Social Development Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Lutheran Housing Services Number 3incorporated ($539k), Working for Independent Living Inc ($540k) and East Tennessee Homes for Elderly ($539k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (8.0% of expenses). Other salaries and wages came to $24k. At year end it held assets of $1.5m against liabilities of $1.0m, net assets of $478k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.