Texas Lions Foundation Inc

Analysis

Texas Lions Foundation Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Texas Lions Foundation Inc reported income of $213k and spending of $176k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $123k to $213k (+73%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 260%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Texas Lions Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include South Florida Community Development Coalition Inc ($213k), Washington State Firefighters Training and Education Fund ($213k) and St John Community Development Corporation ($213k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $18k (10% of expenses). At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.