Volunteer Center of Lubbock Inc

Analysis

Volunteer Center of Lubbock Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Volunteer Center of Lubbock Inc reported income of $623k and spending of $577k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $698k to $623k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Volunteer Center of Lubbock Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Hispanic Professionals of Greater Milwaukee Inc ($623k), Order Sons of Italy in America New York Grand Lodge Foundation ($623k) and Rehabilitation Enables Dreams ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $139k (24% of expenses). Other salaries and wages came to $151k. At year end it held assets of $2.1m against liabilities of $48k, net assets of $2.1m. It reported 13 employees.