Lokey Charities

Analysis

Lokey Charities is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Lokey Charities reported income of $137k and spending of $116k, spending 85% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $123k to $137k (+11%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lokey Charities sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include BGCS Building Great Futures Inc ($137k), Mississippi Valley State University James Herbert White Foundation ($137k) and McDonough County United Way ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.