John Locke Foundation Inc

Analysis

John Locke Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1990, 36 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 June 2024, John Locke Foundation Inc reported income of $5.1m and spending of $5.6m, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.6m to $5.1m (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 228%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, John Locke Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Meyer Center for Special Children ($5.1m), Boy Scouts of America ($5.1m) and Kiryas Joel Municipal Local Development Corporation ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $189k (3.4% of expenses). Other salaries and wages came to $2.3m. It paid $52k in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $2.5m, net assets of $2.5m. It reported 52 employees.