Liberty Mutual Foundation Inc
Liberty Mutual Foundation shows fluctuating revenues and expenses, with consistent zero reported officer compensation.
EIN: 141893520 · Boston, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $101.7M |
| Total Expenses | $52.8M |
| Program Spending | 90% |
| Net Assets | $46.6M |
| Transparency Score | 85/100 |
Is Liberty Mutual Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Liberty Mutual Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Liberty Mutual Foundation Inc
Liberty Mutual Foundation Inc (EIN: 141893520) is a nonprofit organization based in Boston, MA, classified under NTEE code T22. The organization reported total revenue of $101.7M and total assets of $46.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Liberty Mutual Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Liberty Mutual Foundation Inc is a major nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46.3M |
| Total Expenses | $52.8M |
| Surplus / Deficit | $-6,510,930 |
| Total Assets | $46.6M |
| Total Liabilities | $1 |
| Net Assets | $46.6M |
| Operating Margin | -14.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 10.6 months |
Financial Health Grade: B
In 2023, Liberty Mutual Foundation Inc reported a deficit of $6.5M with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Liberty Mutual Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.1% | +9.2% | -12.3% |
| 2022 | +55.5% | +23.5% | +31.4% |
| 2021 | +33.3% | -2.5% | +0.3% |
| 2020 | +103.8% | +55.4% | -21.0% |
| 2019 | +152.2% | +43.2% | -37.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Mutual Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Liberty Mutual Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or their compensation is covered by an affiliated entity, which is a strong positive for financial efficiency and transparency.
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 Mutual Foundation Inc's IRS 990 filings:
- Frequent operational deficits, such as in 2023 ($6.5M deficit) and 2020 ($10.7M deficit), which could indicate unsustainable spending without consistent revenue growth.
- Significant fluctuation and overall decline in assets from a high of $93.4M in 2014 to $46.5M in 2023, warranting investigation into asset management and disbursement strategies.
Strengths
The following positive indicators were identified for Liberty Mutual Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive remuneration and strong transparency.
- Minimal liabilities reported across all filings, often $0 or $1, suggesting a very healthy balance sheet with little debt.
- Strong program focus implied by the NTEE code (T22 - Philanthropy, Voluntarism, and Grantmaking Foundations) and the nature of a corporate foundation.
Frequently Asked Questions about Liberty Mutual Foundation Inc
Is Liberty Mutual Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Liberty Mutual Foundation Inc (EIN: 141893520) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Liberty Mutual Foundation Inc spend its money?
Liberty Mutual Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Liberty Mutual Foundation Inc tax-deductible?
Liberty Mutual Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141893520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Liberty Mutual Foundation Inc's spending goes to programs?
Liberty Mutual Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Liberty Mutual Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Liberty Mutual Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Liberty Mutual Foundation Inc located?
Liberty Mutual Foundation Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 141893520. It is classified under NTEE code T22.
How many years of IRS 990 filings does Liberty Mutual Foundation Inc have?
Liberty Mutual Foundation Inc 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 $101.7M in total revenue.
Why does Liberty Mutual Foundation Inc. consistently report $0 for officer compensation?
The consistent reporting of $0 for officer compensation suggests that executive leadership may be entirely volunteer-based or compensated by the parent company, Liberty Mutual, rather than directly by the foundation's funds. This practice can significantly reduce administrative overhead.
What caused the significant decrease in assets from $93,447,503 in 2014 to $46,556,209 in 2023?
The substantial decrease in assets could be due to several factors, including significant program spending, investment losses, or a strategic decision to disburse a larger portion of its endowment. For example, in 2015, expenses ($18,051,870) significantly outpaced revenue ($5,731,026), contributing to asset reduction.
How does the foundation manage its operational deficits in years like 2023 ($6.5M deficit) and 2020 ($10.7M deficit)?
Operational deficits are likely covered by drawing from the foundation's existing asset base or through prior years' surpluses. For instance, the $6.5 million deficit in 2023 (Expenses $52,834,078 vs. Revenue $46,323,148) would have been absorbed by its assets, which decreased from $53,067,139 in 2022 to $46,556,209 in 2023.
Filing History
IRS 990 filing history for Liberty Mutual Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Liberty Mutual Foundation Inc's revenue has grown by 412.7%, moving from $9.0M to $46.3M. Total assets increased by 104.2% over the same period, from $22.8M to $46.6M. Total functional expenses rose by 509.7%, from $8.7M to $52.8M. In its most recent filing year (2023), Liberty Mutual Foundation Inc reported a deficit of $6.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $46.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $46.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46.3M | $52.8M | $46.6M | $1 | — | — |
| 2022 | $61.1M | $48.4M | $53.1M | $1 | — | View 990 |
| 2021 | $39.3M | $39.2M | $40.4M | $1 | — | View 990 |
| 2020 | $29.5M | $40.2M | $40.3M | $1 | — | View 990 |
| 2019 | $14.5M | $25.8M | $51.0M | $0 | — | View 990 |
| 2015 | $5.7M | $18.1M | $81.1M | $0 | — | View 990 |
| 2014 | $17.4M | $14.9M | $93.4M | $0 | — | View 990 |
| 2013 | $60.2M | $11.6M | $90.9M | $0 | — | View 990 |
| 2012 | $30.4M | $10.9M | $42.3M | $0 | — | View 990 |
| 2011 | $9.0M | $8.7M | $22.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.3M, expenses of $52.8M, and assets of $46.6M (revenue -24.1% year-over-year).
- 2022: Revenue of $61.1M, expenses of $48.4M, and assets of $53.1M (revenue +55.5% year-over-year).
- 2021: Revenue of $39.3M, expenses of $39.2M, and assets of $40.4M (revenue +33.3% year-over-year).
- 2020: Revenue of $29.5M, expenses of $40.2M, and assets of $40.3M (revenue +103.8% year-over-year).
- 2019: Revenue of $14.5M, expenses of $25.8M, and assets of $51.0M (revenue +152.2% year-over-year).
- 2015: Revenue of $5.7M, expenses of $18.1M, and assets of $81.1M (revenue -67.1% year-over-year).
- 2014: Revenue of $17.4M, expenses of $14.9M, and assets of $93.4M (revenue -71.1% year-over-year).
- 2013: Revenue of $60.2M, expenses of $11.6M, and assets of $90.9M (revenue +97.9% year-over-year).
- 2012: Revenue of $30.4M, expenses of $10.9M, and assets of $42.3M (revenue +236.9% year-over-year).
- 2011: Revenue of $9.0M, expenses of $8.7M, and assets of $22.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Liberty Mutual Foundation Inc:
Data Sources and Methodology
This transparency report for Liberty Mutual Foundation 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.