Liberty Resources Family Services Inc

Analysis

Liberty Resources Family Services Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Liberty Resources Family Services Inc reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Liberty Resources Family Services 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 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Wise Readers to Leaders ($1.1m), Alaska 4-H Youth Development Programs Inc ($1.1m) and Downcity Design ($1.1m).

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 $136k (13% of expenses). Other salaries and wages came to $635k. At year end it held assets of $601k against liabilities of $59k, net assets of $542k. It reported 21 employees.