Locus Science Fiction Foundation

Analysis

Locus Science Fiction Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. 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, Locus Science Fiction Foundation reported income of $618k and spending of $860k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $404k to $618k (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Locus Science Fiction Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($618k), New Hope Village Foundation ($618k) and Seaford Historical Society ($618k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $120k (14% of expenses). Other salaries and wages came to $196k. At year end it held assets of $434k against liabilities of $375, net assets of $434k. It reported 8 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.