Liberty Ridge Senior Living Inc

Analysis

Liberty Ridge Senior Living Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Liberty Ridge Senior Living Inc reported income of $2.4m and spending of $2.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.4m (-14%), an average of -3.8% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Liberty Ridge Senior Living Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include YWCA of Greater Flint ($2.4m), Sock It to Em Sock Campaign ($2.4m) and Diakonia Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $72k (2.6% of expenses). Other salaries and wages came to $733k. At year end it held assets of $11.5m against liabilities of $11.3m, net assets of $151k. It reported 48 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.