Libero Canto Foundation

Analysis

Libero Canto Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Libero Canto Foundation reported income of $512k and spending of $17k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $512k (+924%), an average of +924% a year. The sharpest change came in the year to December 2023, when income rose by 924%. Over the whole period it spent 3.1% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Libero Canto Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Ophelias Jump Productions a California Public Benefit Corporat ($512k), Childrens Museum of Cleveland Holdings Foundation ($512k) and Giant Screen Cinema Association ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $500. At year end it held assets of $549k against liabilities of $0, net assets of $549k. It reported 1 employees.