Lubbock Arts Alliance Inc

Analysis

Lubbock Arts Alliance Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lubbock Arts Alliance Inc reported income of $1.0m and spending of $746k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $547k to $1.0m (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lubbock Arts Alliance Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Indigenous Roots ($1.0m), Opera Delaware Inc ($1.0m) and Cinnabar Arts Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $125k (17% of expenses). Other salaries and wages came to $47k. At year end it held assets of $764k against liabilities of $311k, net assets of $452k. It reported 6 employees.