Lock Towns Residential Facilities Inc

Analysis

Lock Towns Residential Facilities Inc is a registered charity in United States, based in Opa Locka, FL. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Lock Towns Residential Facilities Inc reported income of $306k and spending of $356k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $278k to $306k (+10%), an average of +3.3% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lock Towns Residential Facilities Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Credit & Debt Management Institute ($306k), Robert McBride House Inc ($306k) and 1365 College Avenue Housing Development Fund Corporation ($306k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $33k. At year end it held assets of $849k against liabilities of $1.1m, net assets of -$265k. It reported 5 employees.