Catholic Charities Diocese of Lubbock

Analysis

Catholic Charities Diocese of Lubbock is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Catholic Charities Diocese of Lubbock reported income of $3.3m and spending of $3.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.3m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Charities Diocese of Lubbock sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Just Food of Douglas County Inc ($3.3m), Sigma Beta XI Inc ($3.3m) and Monroe Harding Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 3.7% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.9m against liabilities of $126k, net assets of $3.8m. It reported 47 employees.