Liberty Resources Inc
Liberty Resources Inc: Strong Program Spending, but Declining Assets and Transparency Gaps
EIN: 222483916 · Philadelphia, PA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $34.7M |
| Total Expenses | $36.6M |
| Program Spending | 85% |
| Net Assets | $7.6M |
| Transparency Score | 75/100 |
Is Liberty Resources Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Liberty Resources Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Liberty Resources Inc
Liberty Resources Inc (EIN: 222483916) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $34.7M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Liberty Resources Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Liberty Resources Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33.5M |
| Total Expenses | $36.6M |
| Surplus / Deficit | $-3,050,150 |
| Total Assets | $12.6M |
| Total Liabilities | $5.0M |
| Net Assets | $7.6M |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 39.3% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Liberty Resources Inc reported a deficit of $3.1M with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 39.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Liberty Resources Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.9% | +4.0% | -17.7% |
| 2022 | -18.0% | +0.1% | -14.2% |
| 2021 | +25.5% | -3.7% | +12.2% |
| 2020 | -11.6% | +-0.0% | +12.2% |
| 2019 | -0.4% | +4.4% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Resources Inc with a Mission Score of 75 out of 100 (Good). 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 Resources 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.3%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summary data, making a direct assessment of specific dollar amounts challenging without further investigation into their Form 990 filings.
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 Resources Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $17,841,006 in 2021 to $12,600,568 in 2023, which warrants further investigation.
- The organization consistently spends more than its revenue, with expenses exceeding revenue by $3,050,150 in 2023 and $1,939,008 in 2022, indicating a potential reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for Liberty Resources Inc:
- A significant portion of spending is directed towards programs (85%), indicating a strong commitment to its mission.
- The organization has maintained a substantial level of revenue, consistently above $32 million for several years, demonstrating financial stability in its operations.
Frequently Asked Questions about Liberty Resources Inc
Is Liberty Resources Inc a legitimate charity?
Liberty Resources Inc (EIN: 222483916) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $34.7M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Liberty Resources Inc spend its money?
Liberty Resources Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Liberty Resources Inc tax-deductible?
Liberty Resources Inc is registered as a tax-exempt nonprofit (EIN: 222483916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Liberty Resources Inc's spending goes to programs?
Liberty Resources Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Liberty Resources Inc located?
Liberty Resources Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222483916.
How many years of IRS 990 filings does Liberty Resources Inc have?
Liberty Resources Inc has 13 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 $34.7M in total revenue.
What does Liberty Resources Inc do?
Liberty Resources Inc is a nonprofit organization in the Unknown sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code Unknown.
How much revenue does Liberty Resources Inc have?
Liberty Resources Inc reported total revenue of $34,663,035. Based on 13 IRS 990 filings on record.
What are Liberty Resources Inc's total assets?
Liberty Resources Inc holds total assets of $15,006,006 as reported in IRS 990 filings.
Where is Liberty Resources Inc located?
Liberty Resources Inc is based in Philadelphia, Pennsylvania.
What is Liberty Resources Inc's EIN?
Liberty Resources Inc's Employer Identification Number (EIN) is 222483916. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Liberty Resources Inc?
Liberty Resources Inc is classified under NTEE code Unknown (Unknown).
Is Liberty Resources Inc a registered 501(c)(3)?
Liberty Resources Inc appears in IRS records (EIN: 222483916). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Liberty Resources Inc file IRS Form 990?
Yes, Liberty Resources Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Liberty Resources Inc's revenue in 2023?
In the 202306 filing period, Liberty Resources Inc reported total revenue of $33,511,712, total expenses of $36,561,862, and net assets of $12,600,568.
Is Liberty Resources Inc's revenue growing or declining?
Liberty Resources Inc's revenue is relatively stable. Revenue went from $33,219,438 (202206) to $33,511,712 (202306), a +0.9% change. Based on 13 filings on record.
What is Liberty Resources Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Liberty Resources Inc covers tax period 202306. It shows revenue of $33,511,712, expenses of $36,561,862, total assets of $12,600,568, and liabilities of $4,955,356.
How much does Liberty Resources Inc spend on programs vs administration?
Based on IRS 990 analysis, Liberty Resources Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Liberty Resources Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Liberty Resources Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Liberty Resources Inc?
The following concerns were identified: Total assets have shown a consistent decline from $17,841,006 in 2021 to $12,600,568 in 2023, which warrants further investigation.. The organization consistently spends more than its revenue, with expenses exceeding revenue by $3,050,150 in 2023 and $1,939,008 in 2022, indicating a potential reliance on reserves or other funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Liberty Resources Inc's strengths?
Positive indicators for Liberty Resources Inc include: A significant portion of spending is directed towards programs (85%), indicating a strong commitment to its mission.. The organization has maintained a substantial level of revenue, consistently above $32 million for several years, demonstrating financial stability in its operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Liberty Resources Inc compensate executives?
Executive compensation details are not explicitly provided in the summary data, making a direct assessment of specific dollar amounts challenging without further investigation into their Form 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the consistent decline in total assets over the past few years, despite stable revenue?
The consistent decline in total assets from $17,841,006 in 2021 to $12,600,568 in 2023, while revenue remains stable, suggests that the organization may be drawing down reserves or that depreciation/amortization of assets is outpacing new asset acquisition. Further analysis of their balance sheet and capital expenditures would be necessary to pinpoint the exact causes.
Given that expenses consistently exceed revenue, how is Liberty Resources Inc sustaining its operations without a significant increase in liabilities?
The data shows expenses exceeding revenue in multiple years (e.g., $36,561,862 expenses vs. $33,511,712 revenue in 2023). While liabilities are present, they haven't seen a dramatic increase. This suggests the organization is likely utilizing accumulated reserves or other non-operating income sources to cover the deficit. A deeper dive into their statement of activities and cash flow would clarify this.
Filing History
IRS 990 filing history for Liberty Resources Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Liberty Resources Inc's revenue has declined by 59.6%, moving from $83.1M to $33.5M. Total assets decreased by 75% over the same period, from $50.4M to $12.6M. Total functional expenses fell by 58.9%, from $88.9M to $36.6M. In its most recent filing year (2023), Liberty Resources Inc reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $5.0M in liabilities against $12.6M in assets (debt-to-asset ratio: 39.3%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33.5M | $36.6M | $12.6M | $5.0M | — | — |
| 2022 | $33.2M | $35.2M | $15.3M | $4.8M | — | View 990 |
| 2021 | $40.5M | $35.1M | $17.8M | $4.9M | — | View 990 |
| 2020 | $32.3M | $36.4M | $15.9M | $8.9M | — | View 990 |
| 2019 | $36.5M | $36.5M | $14.2M | $3.1M | — | View 990 |
| 2018 | $36.7M | $34.9M | $13.2M | $2.2M | — | View 990 |
| 2017 | $34.2M | $32.1M | $12.0M | $2.7M | — | View 990 |
| 2016 | $32.1M | $29.2M | $9.8M | $2.6M | — | View 990 |
| 2015 | $28.1M | $25.6M | $7.0M | $2.7M | — | View 990 |
| 2014 | $14.6M | $19.4M | $6.9M | $5.1M | — | View 990 |
| 2013 | $42.3M | $45.2M | $33.2M | $26.6M | — | View 990 |
| 2012 | $83.0M | $80.1M | $48.5M | $40.0M | — | View 990 |
| 2011 | $83.1M | $88.9M | $50.4M | $43.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33.5M, expenses of $36.6M, and assets of $12.6M (revenue +0.9% year-over-year).
- 2022: Revenue of $33.2M, expenses of $35.2M, and assets of $15.3M (revenue -18.0% year-over-year).
- 2021: Revenue of $40.5M, expenses of $35.1M, and assets of $17.8M (revenue +25.5% year-over-year).
- 2020: Revenue of $32.3M, expenses of $36.4M, and assets of $15.9M (revenue -11.6% year-over-year).
- 2019: Revenue of $36.5M, expenses of $36.5M, and assets of $14.2M (revenue -0.4% year-over-year).
- 2018: Revenue of $36.7M, expenses of $34.9M, and assets of $13.2M (revenue +7.3% year-over-year).
- 2017: Revenue of $34.2M, expenses of $32.1M, and assets of $12.0M (revenue +6.4% year-over-year).
- 2016: Revenue of $32.1M, expenses of $29.2M, and assets of $9.8M (revenue +14.3% year-over-year).
- 2015: Revenue of $28.1M, expenses of $25.6M, and assets of $7.0M (revenue +92.8% year-over-year).
- 2014: Revenue of $14.6M, expenses of $19.4M, and assets of $6.9M (revenue -65.5% year-over-year).
- 2013: Revenue of $42.3M, expenses of $45.2M, and assets of $33.2M (revenue -49.1% year-over-year).
- 2012: Revenue of $83.0M, expenses of $80.1M, and assets of $48.5M (revenue +-0.0% year-over-year).
- 2011: Revenue of $83.1M, expenses of $88.9M, and assets of $50.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Liberty Resources Inc:
Data Sources and Methodology
This transparency report for Liberty Resources 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.