Liberty Educational Ministries Inc

Analysis

Liberty Educational Ministries Inc is a registered charity in United States, based in Argyle, TX. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Liberty Educational Ministries Inc reported income of $28.5m and spending of $26.9m, spending 95% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $23.9m to $28.5m (+19%), an average of +4.5% a year. The sharpest change came in the year to May 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Liberty Educational Ministries Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include National Christian Foundation Real Property Inc ($28.4m), Voice of God Recordings Inc ($28.8m) and Revival Today Inc ($28.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $454k (1.7% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $51.0m against liabilities of $15.4m, net assets of $35.6m. It reported 317 employees.