Liberty Kids Inc

Analysis

Liberty Kids Inc is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Liberty Kids Inc reported income of $668k and spending of $436k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $327k to $668k (+105%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Liberty Kids Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include East Loop Community Improvement District ($668k), Rva Hampton Roads Mega Region Collaborative ($668k) and Kind Mouse Productions Inc ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $73k (17% of expenses). Other salaries and wages came to $176k. At year end it held assets of $347k against liabilities of $18k, net assets of $329k. It reported 9 employees.