LLDC Lubbock Learning Difference Center

Analysis

LLDC Lubbock Learning Difference Center is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, LLDC Lubbock Learning Difference Center reported income of $930k and spending of $1.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $721k to $930k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 128% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LLDC Lubbock Learning Difference Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include East Montgomery County Scholarship Foundation ($930k), Friends of the Free Library of Philadelphia Inc ($930k) and Afsa Building Company ($929k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $94k (8.6% of expenses). Other salaries and wages came to $485k. At year end it held assets of $3.1m against liabilities of $3.1m, net assets of -$63k. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.