Locker Project

Analysis

Locker Project is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Locker Project reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $1.5m (+150%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Locker Project sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ME. Charities of a similar size with the same main cause include Christian Family Services Inc ($1.5m), Drop-In Center Inc ($1.5m) and Maries House of Hope Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $73k (4.8% of expenses). Other salaries and wages came to $232k. At year end it held assets of $833k against liabilities of $248k, net assets of $586k. It reported 7 employees.