Libertas Academy Inc

Analysis

Libertas Academy Inc is a registered charity in United States, based in Temple Terr, FL. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Libertas Academy Inc reported income of $257k and spending of $312k, spending 121% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $294k to $257k (-13%), an average of -6.5% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Libertas Academy Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include House of Emmanuel Inc ($257k), RHHS Boosters Inc ($257k) and New Jersey Head Start Association ($257k).

On its Form 990 for the period ending June 2021, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). Other salaries and wages came to $119k. At year end it held assets of $103k against liabilities of $39k, net assets of $64k. It reported 7 employees.