Friends of Libertas Academy Charter School Inc

Analysis

Friends of Libertas Academy Charter School Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of Libertas Academy Charter School Inc reported income of $1.0m and spending of $424k, leaving 59% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $224k to $1.0m (+364%), an average of +67% a year. The sharpest change came in the year to June 2023, when income rose by 540%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Libertas Academy Charter School Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include International Educational Foundation of America Inc ($1.0m), Seeds of Learning ($1.0m) and GMDP Academy Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $231k, net assets of $879k.