Childrens Home of Lubbock and Family Service Agency Inc

Analysis

Childrens Home of Lubbock and Family Service Agency Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 1972, 54 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 January 2024, Childrens Home of Lubbock and Family Service Agency Inc reported income of $5.7m and spending of $6.6m, spending 117% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $5.9m to $5.7m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to January 2022, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Home of Lubbock and Family Service Agency Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Cadence of Acadiana Inc ($5.7m), Port Washington Childrens Center ($5.7m) and Oak Meadows ($5.7m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $417k (6.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $5.6m against liabilities of $472k, net assets of $5.1m. It reported 118 employees.