Liberty Foundation Inc

Analysis

Liberty Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2022, Liberty Foundation Inc reported income of $172k and spending of $160k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $162k to $172k (+6.4%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 241%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Liberty Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include Employment Network of SW FL Inc ($172k), Macalester-Groveland Community Council ($172k) and Chippewa Falls Main Street Inc ($172k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.