The Scottish Rite Learning Center of West Texas

Analysis

The Scottish Rite Learning Center of West Texas is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in August 1974, 52 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 December 2023, The Scottish Rite Learning Center of West Texas reported income of $465k and spending of $525k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $769k to $465k (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Scottish Rite Learning Center of West Texas sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Hawaii Childrens Cancer Foundation ($465k), North Dakota Elks Charitable Trust ($465k) and Cher-Ami Homes Gretna Louisiana Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 9.9% of the total. Other salaries and wages came to $238k. At year end it held assets of $7.3m against liabilities of $6,267, net assets of $7.3m. It reported 7 employees.