Custodes Libertatis Memorial Foundation

Analysis

Custodes Libertatis Memorial Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2016, 10 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, Custodes Libertatis Memorial Foundation reported income of $74k and spending of $9,011, leaving 88% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $74k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 12% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Custodes Libertatis Memorial Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include E G Schlieder Higher Education & Health TR ($74k), St Catherine Hospital Auxillary ($74k) and Danville Pittsylvania County Chamber Foundation ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $525k against liabilities of $0, net assets of $525k.