Literacy Lubbock

Analysis

Literacy Lubbock is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Literacy Lubbock reported income of $259k and spending of $284k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $250k to $259k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Lubbock sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Student Research and Development ($259k), Carpinteria Education Foundation Inc ($259k) and Aoba Educational Foundation ($259k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $75k (26% of expenses). Other salaries and wages came to $103k. At year end it held assets of $435k against liabilities of $4,484, net assets of $430k. It reported 12 employees.