Lubbock Faith Center Inc

Analysis

Lubbock Faith Center Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Lubbock Faith Center Inc reported income of $102k and spending of $114k, spending 111% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $155k to $102k (-34%), an average of -9.9% a year. The sharpest change came in the year to July 2022, when income dropped by 32%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lubbock Faith Center Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Breakfast Club Kids ($102k), Friends of Hedberg Public Library ($102k) and Coronado Village Elementary School P a T T ($102k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (11% of expenses). Other salaries and wages came to $9,600. At year end it held assets of $94k against liabilities of $0, net assets of $94k. It reported 2 employees.