Early Learning Center of Lubbock Inc

Analysis

Early Learning Center of Lubbock Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in August 1961, 65 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 August 2023, Early Learning Center of Lubbock Inc reported income of $3.1m and spending of $3.6m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $3.1m (+47%), an average of +10% a year. The sharpest change came in the year to August 2022, when income rose by 35%. 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, Early Learning Center of Lubbock Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Easton Day Care Center Inc ($3.1m), Christian Record Services Inc ($3.1m) and Salem Pastoral Counseling Center ($3.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $75k (2.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.8m against liabilities of $209k, net assets of $1.6m. It reported 175 employees.