Liberty Place Inc

Analysis

Liberty Place Inc is a registered charity in United States, based in Whitehall, MT. It received its IRS tax-exemption ruling in May 2001, 25 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 Place Inc reported income of $2.1m and spending of $2.6m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 98% 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 Place Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within MT. Charities of a similar size with the same main cause include United Way of Hall County Inc ($2.1m), San Juan Island Community Foundation ($2.1m) and Community Foundation of Jackson County Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $91k (3.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.2m against liabilities of $3.2m, net assets of -$94k. It reported 82 employees.