Lubbock Open Door

Analysis

Lubbock Open Door 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 religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lubbock Open Door reported income of $4.3m and spending of $4.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.3m (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lubbock Open Door sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Legacytree Foundation ($4.2m), International Friendships Inc ($4.3m) and Lev Berel Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $123k (3.0% of expenses). At year end it held assets of $3.1m against liabilities of $332k, net assets of $2.8m. It reported 41 employees.