Liberty Steam Charter School

Analysis

Liberty Steam Charter School is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in April 2020, 6 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 Steam Charter School reported income of $5.4m and spending of $5.2m, spending 95% of its income. The sharpest change came in the year to June 2022, when income rose by 349%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liberty Steam Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Friends of Father Judge High School Inc ($5.4m), Foundation Properties Inc ($5.4m) and Jubilee Reach ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $144k (2.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.2m against liabilities of $1.8m, net assets of $369k. It reported 53 employees.