Ligare Inc

Analysis

Ligare Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ligare Inc reported income of $380k and spending of $366k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $460k to $380k (-17%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ligare Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Dorothy Day Capital Corporation ($380k), Christian Leadership Institute ($380k) and Sino-American Buddhist Association Lingshan Temple Inc ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (26% of expenses). Other salaries and wages came to $54k. At year end it held assets of $16k against liabilities of $63k, net assets of -$48k. It reported 4 employees.