Civic Lubbock Inc

Analysis

Civic Lubbock Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in August 1958, 68 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Civic Lubbock Inc reported income of $2.9m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2022, when income rose by 101%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Civic Lubbock Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Seeding Labs a Non Profit Corporation ($2.9m), Orange Show Foundation ($2.9m) and Greater Philadelphia Cultural Alliance ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 60% of the total. Other salaries and wages came to $682k. At year end it held assets of $6.1m against liabilities of $4.9m, net assets of $1.2m. It reported 83 employees.