Liberty Grove Schools Inc

Analysis

Liberty Grove Schools Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2021, 5 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 Grove Schools Inc reported income of $5.2m and spending of $3.5m, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $914k to $5.2m (+468%), an average of +468% a year. The sharpest change came in the year to June 2023, when income rose by 468%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liberty Grove Schools Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Bonneville Academy ($5.2m), Circus Arts Conservatory Inc ($5.2m) and Virginia State University Foundation ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $176k (5.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.3m against liabilities of $159k, net assets of $2.2m. It reported 34 employees.