Liam Foundation

Analysis

Liam Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Liam Foundation reported income of $94k and spending of $117k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $94k (-2.7%), an average of -2.7% a year. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Liam Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Inspiring Possibilities Inc ($94k), Altogether in Love ($94k) and Spreadpeaceorg ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $1 against liabilities of $7,731, net assets of -$7,730.