Liberty Community Services Inc
Liberty Community Services: Stable Finances, Strong Program Focus
EIN: 222849124 · New Haven, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $6.3M |
| Program Spending | 85% |
| Net Assets | $570K |
| Transparency Score | 85/100 |
Is Liberty Community Services Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Liberty Community Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Liberty Community Services Inc
Liberty Community Services Inc (EIN: 222849124) is a nonprofit organization based in New Haven, CT. The organization reported total revenue of $6.0M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Liberty Community Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Liberty Community Services Inc is a mid-size nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $6.3M |
| Surplus / Deficit | $-91,211 |
| Total Assets | $5.6M |
| Total Liabilities | $5.0M |
| Net Assets | $570K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 89.7% |
| Months of Reserves | 10.6 months |
Financial Health Grade: C
In 2024, Liberty Community Services Inc reported a deficit of $91K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 89.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Liberty Community Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.5% | +18.0% | +0.9% |
| 2023 | +3.3% | +1.4% | +9.8% |
| 2022 | +15.7% | +20.3% | +256.8% |
| 2021 | +1.7% | +2.3% | +1.0% |
| 2020 | +6.1% | +4.4% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Liberty Community Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Liberty Community Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $91K, with expenses exceeding revenue.
- Debt-to-asset ratio: 89.7%.
Executive Compensation Analysis
Executive compensation appears reasonable, with no reported compensation from unrelated organizations, indicating a focused and transparent approach to leadership remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Liberty Community Services Inc:
- Consistent revenue growth from $3.8M in 2018 to $6.2M in 2024, demonstrating financial stability and increasing support.
- Strong asset growth from $1.3M in 2018 to $5.5M in 2024, indicating effective financial management and capacity building.
- Low liability-to-asset ratio, suggesting a healthy financial position and minimal debt burden.
- Consistent dedication to program services, as evidenced by the high percentage of spending allocated to programs.
Frequently Asked Questions about Liberty Community Services Inc
Is Liberty Community Services Inc a legitimate charity?
Liberty Community Services Inc (EIN: 222849124) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $6.0M. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Liberty Community Services Inc spend its money?
Liberty Community Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Liberty Community Services Inc tax-deductible?
Liberty Community Services Inc is registered as a tax-exempt nonprofit (EIN: 222849124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Liberty Community Services Inc's spending goes to programs?
Liberty Community Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Liberty Community Services Inc located?
Liberty Community Services Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 222849124.
How many years of IRS 990 filings does Liberty Community Services Inc have?
Liberty Community Services Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.0M in total revenue.
What does Liberty Community Services Inc do?
Liberty Community Services Inc is a nonprofit organization in the Unknown sector, located in New Haven, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Liberty Community Services Inc have?
Liberty Community Services Inc reported total revenue of $6,049,175. Based on 14 IRS 990 filings on record.
What are Liberty Community Services Inc's total assets?
Liberty Community Services Inc holds total assets of $5,158,855 as reported in IRS 990 filings.
Where is Liberty Community Services Inc located?
Liberty Community Services Inc is based in New Haven, Connecticut.
What is Liberty Community Services Inc's EIN?
Liberty Community Services Inc's Employer Identification Number (EIN) is 222849124. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Liberty Community Services Inc?
Liberty Community Services Inc is classified under NTEE code Unknown (Unknown).
Is Liberty Community Services Inc a registered 501(c)(3)?
Liberty Community Services Inc appears in IRS records (EIN: 222849124). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Liberty Community Services Inc file IRS Form 990?
Yes, Liberty Community Services Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Liberty Community Services Inc's revenue in 2024?
In the 202406 filing period, Liberty Community Services Inc reported total revenue of $6,210,336, total expenses of $6,301,547, and net assets of $5,550,062.
Is Liberty Community Services Inc's revenue growing or declining?
Liberty Community Services Inc's revenue is growing. Revenue went from $5,198,468 (202306) to $6,210,336 (202406), a +19.5% change. Based on 14 filings on record.
What is Liberty Community Services Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Liberty Community Services Inc covers tax period 202406. It shows revenue of $6,210,336, expenses of $6,301,547, total assets of $5,550,062, and liabilities of $4,979,956.
How much does Liberty Community Services Inc spend on programs vs administration?
Based on IRS 990 analysis, Liberty Community Services Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Liberty Community Services Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Liberty Community Services Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Liberty Community Services Inc's strengths?
Positive indicators for Liberty Community Services Inc include: Consistent revenue growth from $3.8M in 2018 to $6.2M in 2024, demonstrating financial stability and increasing support.. Strong asset growth from $1.3M in 2018 to $5.5M in 2024, indicating effective financial management and capacity building.. Low liability-to-asset ratio, suggesting a healthy financial position and minimal debt burden.. Consistent dedication to program services, as evidenced by the high percentage of spending allocated to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Liberty Community Services Inc compensate executives?
Executive compensation appears reasonable, with no reported compensation from unrelated organizations, indicating a focused and transparent approach to leadership remuneration. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Liberty Community Services Inc?
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees from unrelated organizations. • Detailed financial statements are available, showing consistent revenue and asset growth over the past several years. • The Form 990s provide a clear breakdown of expenses, with a strong emphasis on program services. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has Liberty Community Services managed to achieve such consistent growth in both revenue and assets over the past seven years?
The consistent growth in revenue and assets suggests effective fundraising strategies, strong community support, and potentially successful grant acquisition, allowing for expansion of services and financial stability.
Given the significant increase in assets from $1.4M in 2021 to $5.5M in 2024, what specific investments or capital improvements has Liberty Community Services made?
The substantial increase in assets could indicate significant investments in property, equipment, or the establishment of an endowment fund, which would enhance the organization's long-term capacity and service delivery.
Filing History
IRS 990 filing history for Liberty Community Services Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Liberty Community Services Inc's revenue has grown by 69.3%, moving from $3.7M to $6.2M. Total assets increased by 251.5% over the same period, from $1.6M to $5.6M. Total functional expenses rose by 66.7%, from $3.8M to $6.3M. In its most recent filing year (2024), Liberty Community Services Inc reported a deficit of $91K, with expenses exceeding revenue. The organization holds $5.0M in liabilities against $5.6M in assets (debt-to-asset ratio: 89.7%), resulting in net assets of $570K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.2M | $6.3M | $5.6M | $5.0M | — | View 990 |
| 2023 | $5.2M | $5.3M | $5.5M | $4.8M | — | View 990 |
| 2022 | $5.0M | $5.3M | $5.0M | $4.2M | — | View 990 |
| 2021 | $4.3M | $4.4M | $1.4M | $651K | — | View 990 |
| 2020 | $4.3M | $4.3M | $1.4M | $609K | — | View 990 |
| 2019 | $4.0M | $4.1M | $1.4M | $587K | — | View 990 |
| 2018 | $3.8M | $3.8M | $1.4M | $516K | — | View 990 |
| 2017 | $4.0M | $4.0M | $1.4M | $484K | — | View 990 |
| 2016 | $4.2M | $4.0M | $1.5M | $651K | — | View 990 |
| 2015 | $3.8M | $3.8M | $1.4M | $695K | — | View 990 |
| 2014 | $3.7M | $3.7M | $1.5M | $794K | — | View 990 |
| 2013 | $3.5M | $3.5M | $1.4M | $740K | — | View 990 |
| 2012 | $3.5M | $3.6M | $1.4M | $702K | — | View 990 |
| 2011 | $3.7M | $3.8M | $1.6M | $739K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.2M, expenses of $6.3M, and assets of $5.6M (revenue +19.5% year-over-year).
- 2023: Revenue of $5.2M, expenses of $5.3M, and assets of $5.5M (revenue +3.3% year-over-year).
- 2022: Revenue of $5.0M, expenses of $5.3M, and assets of $5.0M (revenue +15.7% year-over-year).
- 2021: Revenue of $4.3M, expenses of $4.4M, and assets of $1.4M (revenue +1.7% year-over-year).
- 2020: Revenue of $4.3M, expenses of $4.3M, and assets of $1.4M (revenue +6.1% year-over-year).
- 2019: Revenue of $4.0M, expenses of $4.1M, and assets of $1.4M (revenue +5.2% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.8M, and assets of $1.4M (revenue -4.0% year-over-year).
- 2017: Revenue of $4.0M, expenses of $4.0M, and assets of $1.4M (revenue -5.3% year-over-year).
- 2016: Revenue of $4.2M, expenses of $4.0M, and assets of $1.5M (revenue +10.5% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.8M, and assets of $1.4M (revenue +2.9% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.7M, and assets of $1.5M (revenue +4.9% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.5M, and assets of $1.4M (revenue +1.6% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.6M, and assets of $1.4M (revenue -5.2% year-over-year).
- 2011: Revenue of $3.7M, expenses of $3.8M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Liberty Community Services Inc:
Data Sources and Methodology
This transparency report for Liberty Community Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.