Lulac Head Start Inc

Analysis

Lulac Head Start Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lulac Head Start Inc reported income of $9.2m and spending of $7.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $9.2m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lulac Head Start Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Union Mission of Latrobe Inc ($9.1m), Orange County Adult Achievement Center ($9.2m) and Senior Services Associates Inc ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $12.8m against liabilities of $2.8m, net assets of $10.1m. It reported 121 employees.