Friends of Liahona Inc

Analysis

Friends of Liahona Inc is a registered charity in United States, based in Pleasant GRV, UT. It received its IRS tax-exemption ruling in July 2020, 6 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 December 2023, Friends of Liahona Inc reported income of $143k and spending of $244k, spending 171% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $282k to $143k (-49%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Liahona Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within UT. Charities of a similar size with the same main cause include Burt Lake Band of Ottawa and Chippewa Indians Inc ($142k), Versailles Athletic Booster Club ($143k) and Michigan Interscholastic Forensic Association ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $550k against liabilities of $61k, net assets of $490k.