The Locker Foundation

Analysis

The Locker Foundation is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Locker Foundation reported income of $931k and spending of $278k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $931k (+233%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 283%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Locker Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Florida Fund for Minority Teachers Inc ($930k), Meadows Academy Preschool Inc ($931k) and Friends of the Free Library of Philadelphia Inc ($930k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $130k. At year end it held assets of $1.5m against liabilities of $3,475, net assets of $1.5m. It reported 5 employees.