Lockport Cares Inc

Analysis

Lockport Cares Inc is a registered charity in United States, based in Lockport, NY. It received its IRS tax-exemption ruling in July 2008, 18 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, Lockport Cares Inc reported income of $272k and spending of $304k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $272k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lockport Cares Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include In-Sight Photography Project Incorporated ($272k), Plumbers & Pipefitters Local 51 Scholarship Educational Fund ($272k) and Indian River Clay Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 3.0% of the total. Other salaries and wages came to $161k. At year end it held assets of $491k against liabilities of $0, net assets of $491k. It reported 8 employees.