Liberated Success Inc

Analysis

Liberated Success Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, Liberated Success Inc reported income of $196k and spending of $167k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $133k to $196k (+47%), an average of +47% a year. The sharpest change came in the year to June 2024, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liberated Success Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Southern California Orthopedic Research & Education Center ($196k), Vetfund Foundation ($196k) and Ocracoke Alive Inc ($196k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 64% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.