Lubbock Impact Inc

Analysis

Lubbock Impact Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lubbock Impact Inc reported income of $620k and spending of $571k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $609k to $620k (+1.8%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lubbock Impact Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Social & Emotional Wellness Initiative ($620k), Covenant Place Senior Center Inc ($620k) and Team Boys Ranch Inc ($620k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $80k (14% of expenses). Other salaries and wages came to $154k. At year end it held assets of $2.1m against liabilities of $37k, net assets of $2.1m. It reported 9 employees.