Liberty and Loyalty Foundation Inc

Analysis

Liberty and Loyalty Foundation Inc is a registered charity in United States, based in Stephenville, TX. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 and Loyalty Foundation Inc reported income of $534k and spending of $541k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $387k to $534k (+38%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Liberty and Loyalty Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Morton Foundation ($534k), Bulls Soccer Club Inc ($534k) and Virginia Independent Schools Athletic Association ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 27% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.