Locke Foundation

Analysis

Locke Foundation is a registered charity in United States, based in Walnut Grove, CA. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Locke Foundation reported income of $51k and spending of $52k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $51k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Locke Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Center for the Arts Foundation ($51k), Train Collectors Association-Fort Pitt Division Inc ($51k) and Kenilworth Historical Society Incorporated ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.