Lomas Child Development Inc

Analysis

Lomas Child Development Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Lomas Child Development Inc reported income of $2.1m and spending of $2.1m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.1m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lomas Child Development Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Aaim Education Center Inc ($2.1m), Madison Community Montessori School Inc ($2.1m) and Chiles Academy Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $229k (11% of expenses). At year end it held assets of $1.2m against liabilities of $48k, net assets of $1.2m. It reported 101 employees.