Guidance Center of Lea County Inc

Analysis

Guidance Center of Lea County Inc is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in April 1972, 54 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Guidance Center of Lea County Inc reported income of $13.2m and spending of $12.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $13.2m (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Guidance Center of Lea County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Tabor Hills Health Care Facility Inc ($13.2m), Health Care Advocates International Inc ($13.2m) and Farmington Health Services ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $254k (2.1% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $10.1m against liabilities of $1.6m, net assets of $8.5m. It reported 226 employees.