Buddy Holly Hall

Analysis

Buddy Holly Hall is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Buddy Holly Hall reported income of $7.7m and spending of $11.5m, spending 150% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.8m to $7.7m (+59%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 880%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buddy Holly Hall sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Old Dartmouth Historical Society ($7.7m), Mid-America Arts Alliance ($7.7m) and The Fort Ticonderoga Association Inc ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 53% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $169k (1.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $171.2m against liabilities of $73.1m, net assets of $98.1m. It reported 4 employees.