Liberty Family Foundation
EIN: 275021761 · Gray, ME · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $41K |
| Net Assets | $-431 |
Is Liberty Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Liberty Family Foundation
Liberty Family Foundation (EIN: 275021761) is a nonprofit organization based in Gray, ME, classified under NTEE code B90. The organization reported total revenue of $21K and total assets of $870 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Liberty Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Liberty Family Foundation is a micro nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $41K |
| Surplus / Deficit | $-14,193 |
| Total Assets | $811 |
| Total Liabilities | $1K |
| Net Assets | $-431 |
| Operating Margin | -53.6% |
| Debt-to-Asset Ratio | 153.1% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Liberty Family Foundation reported a deficit of $14K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 153.1% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Liberty Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.3% | -33.5% | -94.5% |
| 2022 | +5.4% | -12.5% | +2269.7% |
| 2021 | +4046.4% | +4695.4% | +61900.0% |
| 2020 | +1600.0% | -70.7% | +0.0% |
| 2019 | -100.0% | -97.5% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Liberty Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Liberty Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 153.1%.
Frequently Asked Questions about Liberty Family Foundation
Is Liberty Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Liberty Family Foundation (EIN: 275021761) insufficient data. 0 red flags identified, 0 strengths noted.
How does Liberty Family Foundation spend its money?
Detailed spending breakdown data is not yet available for Liberty Family Foundation. Check back for updated IRS 990 analysis.
Are donations to Liberty Family Foundation tax-deductible?
Liberty Family Foundation is registered as a tax-exempt nonprofit (EIN: 275021761). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Liberty Family Foundation located?
Liberty Family Foundation is headquartered in Gray, Maine and files with the IRS under EIN 275021761. It is classified under NTEE code B90.
How many years of IRS 990 filings does Liberty Family Foundation have?
Liberty Family Foundation has 10 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 $21K in total revenue.
Filing History
IRS 990 filing history for Liberty Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Liberty Family Foundation's revenue has declined by 65.1%, moving from $76K to $27K. Total assets decreased by 93.1% over the same period, from $12K to $811. Total functional expenses fell by 36.6%, from $64K to $41K. In its most recent filing year (2023), Liberty Family Foundation reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1K in liabilities against $811 in assets (debt-to-asset ratio: 153.1%), resulting in net assets of $-431.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $41K | $811 | $1K | — | — |
| 2022 | $74K | $61K | $15K | $930 | — | View 990 |
| 2021 | $70K | $70K | $620 | $1 | — | View 990 |
| 2020 | $2K | $1K | $1 | $1 | — | — |
| 2019 | $100 | $5K | $1 | $243 | — | — |
| 2015 | $215K | $199K | $20K | $1 | — | View 990 |
| 2014 | $256K | $263K | $4K | $75 | — | View 990 |
| 2013 | $271K | $261K | $11K | $1 | — | View 990 |
| 2012 | $224K | $234K | $1K | $1 | — | View 990 |
| 2011 | $76K | $64K | $12K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $41K, and assets of $811 (revenue -64.3% year-over-year).
- 2022: Revenue of $74K, expenses of $61K, and assets of $15K (revenue +5.4% year-over-year).
- 2021: Revenue of $70K, expenses of $70K, and assets of $620 (revenue +4046.4% year-over-year).
- 2020: Revenue of $2K, expenses of $1K, and assets of $1 (revenue +1600.0% year-over-year).
- 2019: Revenue of $100, expenses of $5K, and assets of $1 (revenue -100.0% year-over-year).
- 2015: Revenue of $215K, expenses of $199K, and assets of $20K (revenue -16.0% year-over-year).
- 2014: Revenue of $256K, expenses of $263K, and assets of $4K (revenue -5.4% year-over-year).
- 2013: Revenue of $271K, expenses of $261K, and assets of $11K (revenue +21.0% year-over-year).
- 2012: Revenue of $224K, expenses of $234K, and assets of $1K (revenue +194.2% year-over-year).
- 2011: Revenue of $76K, expenses of $64K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Liberty Family Foundation:
Data Sources and Methodology
This transparency report for Liberty Family Foundation 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.