Family Service Association of Lubbock Texas

Analysis

Family Service Association of Lubbock Texas is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 1957, 69 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Family Service Association of Lubbock Texas reported income of $472k and spending of $444k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $472k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service Association of Lubbock Texas sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Fort Myers Beach Womens Club ($472k), Corazon Community Services ($472k) and Bright Beginnings Learning Center ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $100k (22% of expenses). Other salaries and wages came to $123k. At year end it held assets of $485k against liabilities of $11k, net assets of $474k. It reported 3 employees.