Lubbock Area United Way Inc

Analysis

Lubbock Area United Way Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 1962, 64 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lubbock Area United Way Inc reported income of $5.6m and spending of $5.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $5.6m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lubbock Area United Way Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Endeavor Catalyst Inc ($5.5m), Nra Special Contribution Fund Nra Whittington Center ($5.6m) and Speedway Childrens Charities ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $352k (6.7% of expenses). Other salaries and wages came to $280k. At year end it held assets of $14.7m against liabilities of $2.0m, net assets of $12.7m. It reported 16 employees.