Liberty Economic Development Corporation
Liberty Economic Development Corporation consistently operates near break-even with no officer compensation.
EIN: 202172998 · Liberty, MO · NTEE: S41 · Updated: 2026-03-28
Is Liberty Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Liberty Economic Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Liberty Economic Development Corporation
Liberty Economic Development Corporation (EIN: 202172998) is a nonprofit organization based in Liberty, MO, classified under NTEE code S41. The organization reported total revenue of $203K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Liberty Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Liberty Economic Development Corporation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Liberty Economic Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size with revenues around $200,000.
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.
Red Flags
The following concerns were identified during AI analysis of Liberty Economic Development Corporation's IRS 990 filings:
- Consistent slight operating deficits in recent years (e.g., 2023, 2022, 2021, 2020, 2019) where expenses exceed revenue.
Strengths
The following positive indicators were identified for Liberty Economic Development Corporation:
- 0% officer compensation reported across all filings, indicating highly efficient use of funds.
- Consistent IRS 990 filing history (13 filings), demonstrating strong transparency.
- Low liabilities relative to assets, indicating financial stability.
- Stable revenue base over the past decade, suggesting consistent support and operations.
Frequently Asked Questions about Liberty Economic Development Corporation
Is Liberty Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Liberty Economic Development Corporation (EIN: 202172998) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Liberty Economic Development Corporation spend its money?
Liberty Economic Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Liberty Economic Development Corporation tax-deductible?
Liberty Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 202172998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Liberty Economic Development Corporation a good charity?
Based on the provided data, Liberty Economic Development Corporation appears to be a well-managed organization. It consistently files its IRS 990s, reports 0% officer compensation, and maintains low liabilities, all of which are positive indicators of a good charity focused on its mission.
How has the organization's financial health changed over time?
The organization has maintained relatively stable revenues and expenses over the past decade, generally operating near break-even. Assets have fluctuated, peaking around $93,282 in 2018 and currently at $66,844 in 2023, while liabilities have remained consistently low.
What is the trend in revenue versus expenses?
For several recent periods (2019-2023), expenses have slightly exceeded revenues, leading to small deficits. For example, in 2023, expenses were $198,915 against revenues of $187,840. This contrasts with earlier periods like 2017 and 2018 where revenues exceeded expenses.
Filing History
IRS 990 filing history for Liberty Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Liberty Economic Development Corporation's revenue has grown by 55.8%, moving from $121K to $188K. Total assets increased by 131.1% over the same period, from $29K to $67K. Total functional expenses rose by 60.8%, from $124K to $199K. In its most recent filing year (2023), Liberty Economic Development Corporation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $6K in liabilities against $67K in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $199K | $67K | $6K | — | — |
| 2022 | $218K | $215K | $78K | $5K | — | View 990 |
| 2021 | $180K | $188K | $74K | $5K | — | View 990 |
| 2020 | $176K | $179K | $81K | $4K | — | — |
| 2019 | $155K | $166K | $83K | $3K | — | View 990 |
| 2018 | $169K | $146K | $93K | $2K | — | View 990 |
| 2017 | $123K | $86K | $70K | $2K | — | View 990 |
| 2016 | $136K | $142K | $34K | $3K | — | View 990 |
| 2015 | $141K | $148K | $39K | $2K | — | View 990 |
| 2014 | $139K | $129K | $46K | $2K | — | View 990 |
| 2013 | $122K | $134K | $36K | $2K | — | View 990 |
| 2012 | $146K | $121K | $47K | $2K | — | View 990 |
| 2011 | $121K | $124K | $29K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $199K, and assets of $67K (revenue -13.8% year-over-year).
- 2022: Revenue of $218K, expenses of $215K, and assets of $78K (revenue +21.1% year-over-year).
- 2021: Revenue of $180K, expenses of $188K, and assets of $74K (revenue +2.3% year-over-year).
- 2020: Revenue of $176K, expenses of $179K, and assets of $81K (revenue +13.4% year-over-year).
- 2019: Revenue of $155K, expenses of $166K, and assets of $83K (revenue -8.0% year-over-year).
- 2018: Revenue of $169K, expenses of $146K, and assets of $93K (revenue +36.9% year-over-year).
- 2017: Revenue of $123K, expenses of $86K, and assets of $70K (revenue -9.5% year-over-year).
- 2016: Revenue of $136K, expenses of $142K, and assets of $34K (revenue -3.4% year-over-year).
- 2015: Revenue of $141K, expenses of $148K, and assets of $39K (revenue +1.5% year-over-year).
- 2014: Revenue of $139K, expenses of $129K, and assets of $46K (revenue +13.4% year-over-year).
- 2013: Revenue of $122K, expenses of $134K, and assets of $36K (revenue -16.3% year-over-year).
- 2012: Revenue of $146K, expenses of $121K, and assets of $47K (revenue +21.3% year-over-year).
- 2011: Revenue of $121K, expenses of $124K, and assets of $29K.
Data Sources and Methodology
This transparency report for Liberty Economic Development Corporation 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.