Lubbock Christian University Foundation

Analysis

Lubbock Christian University Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lubbock Christian University Foundation reported income of $1.7m and spending of $1.5m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.7m (+69%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 600%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lubbock Christian University Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Great Oak School ($1.7m), Forest Ranch Charter School ($1.7m) and Hky Kol Yaakab Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $10.1m against liabilities of $273k, net assets of $9.9m.