Project Libertad

Analysis

Project Libertad is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Project Libertad reported income of $256k and spending of $258k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $266k to $256k (-3.7%), an average of -3.7% a year. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Libertad sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include LSS Manor Inc - Lake Geneva ($256k), Civitan Homes Inc ($256k) and Aspen Homes for Elderly Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $69k (27% of expenses). Other salaries and wages came to $108k. It paid $11k in professional fundraising fees. At year end it held assets of $214k against liabilities of $3,650, net assets of $210k. It reported 6 employees.