Quick charity verification for Liberty Resources Inc (EIN: 161129675)
Verdict: Liberty Resources Inc appears trustworthy
70/100Mission Score
$92.8MRevenue
$42.8MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported for a large organization, raising transparency concerns about executive pay.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full efficiency assessment.
Strengths
Consistent and significant revenue growth over the past decade, from $37.2M in 2014 to $81.2M in 2023.
Substantial growth in assets, from $7.5M in 2014 to $37.0M in 2023, indicating financial stability and capacity.
Regular IRS 990 filings over 13 periods, demonstrating compliance and a history of financial reporting.
Expenses generally track revenues closely, suggesting efficient deployment of funds to meet operational needs.
Spending Breakdown
How Liberty Resources Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Liberty Resources Inc
Is Liberty Resources Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Liberty Resources Inc (EIN: 161129675) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
Is Liberty Resources Inc a good charity to donate to?
Liberty Resources Inc has a Mission Score of 70/100. Revenue: $92.8M. Assets: $42.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Liberty Resources Inc?
The Employer Identification Number (EIN) for Liberty Resources Inc is 161129675. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Liberty Resources Inc spend its money?
Liberty Resources Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Liberty Resources Inc's tax-exempt status?
You can verify Liberty Resources Inc's tax-exempt status using EIN 161129675 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Liberty Resources Inc. demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding financial base. In the most recent filing (202312), the organization reported revenues of $81,205,457 against expenses of $81,266,197, showing a near break-even operation for that period. While the organization's assets have grown significantly from $7,525,919 in 2014 to $37,095,371 in 2023, its liabilities have also increased, though they remain at a manageable level relative to assets. The consistent reporting of 0% officer compensation across all available filings suggests a potential lack of transparency regarding executive pay, or that compensation is reported under different categories, which warrants further investigation for a complete financial picture.
The organization's spending efficiency appears to be generally sound, with expenses closely tracking revenues in most years, suggesting that funds are being deployed to meet operational needs. The substantial growth in both revenue and assets points to successful fundraising and program expansion. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is challenging. The absence of reported officer compensation could be a positive indicator of resource allocation to programs, but it also raises questions about the completeness of the compensation disclosure.
Regarding transparency, the consistent filing of IRS Form 990s over 13 periods is a positive sign of compliance. However, the 0% officer compensation reported across all filings is unusual for an organization of this size ($81M+ revenue) and could be a red flag for transparency. It's possible that executive compensation is bundled into other expense categories or that the organization relies heavily on non-compensated leadership, which would be an important distinction. Further detail on how executive leadership is compensated would enhance the organization's transparency.