Liberty Common School

Analysis

Liberty Common School is a registered charity in United States, based in Ft Collins, CO. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Liberty Common School reported income of $17.6m and spending of $18.3m, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $14.1m to $17.6m (+25%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liberty Common School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Archimedean Academy Inc ($17.6m), Team Success a School of Excellence Inc ($17.6m) and Winchendon School Inc ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.3m (6.9% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $14.3m against liabilities of $21.2m, net assets of -$6.9m. It reported 287 employees.