Liberty Isd Education Foundation Inc

Analysis

Liberty Isd Education Foundation Inc is a registered charity in United States, based in Liberty, TX. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Liberty Isd Education Foundation Inc reported income of $96k and spending of $80k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $96k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Liberty Isd Education Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Jack Fanning Memorial Foundation TR ($96k), Calistoga Rotary Foundation Inc ($96k) and Jean and Ed Kelly Foundation ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $17k (21% of expenses). At year end it held assets of $1.0m against liabilities of $20k, net assets of $1.0m.