First Baptist Church Lubbock Foundation

Analysis

First Baptist Church Lubbock Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, First Baptist Church Lubbock Foundation reported income of $169k and spending of $0, leaving 100% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income fell from $241k to $169k (-30%), an average of -11% a year. The sharpest change came in the year to March 2023, when income rose by 126%. Over the whole period it spent 26% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Baptist Church Lubbock Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Final Harvest Ministries Inc ($169k), The Monastery of Our Lady of the Cenacle Foundation ($169k) and Friends of Ruach Hanegev ($169k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.