Head Start of Lane County

Analysis

Head Start of Lane County is a registered charity in United States, based in Springfield, OR. It received its IRS tax-exemption ruling in May 1979, 47 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Head Start of Lane County reported income of $19.0m and spending of $19.4m, spending 102% of its income. Across the 5 years on record, from July 2019 to June 2023, income grew from $14.2m to $19.0m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Head Start of Lane County sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Christopher House Inc ($19.0m), Neighborhood Funders Group ($19.0m) and Dentistry Vcu ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $407k (2.1% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $3.5m against liabilities of $577k, net assets of $2.9m. It reported 361 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.