Arthur Lockhart Resource Institute

Analysis

Arthur Lockhart Resource Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Arthur Lockhart Resource Institute reported income of $214k and spending of $226k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $214k (+104%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arthur Lockhart Resource Institute 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 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Parrish Charitable Foundation ($214k), Madera County Sheriffs Foundation ($214k) and Jesus Mission Center ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (14% of expenses). Other salaries and wages came to $36k. At year end it held assets of $21k against liabilities of $0, net assets of $21k. It reported 1 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.