Patricia Locke Foundation

Analysis

Patricia Locke Foundation is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Patricia Locke Foundation reported income of $69k and spending of $258k, spending 371% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $353k to $69k (-80%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Patricia Locke Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include West Nation Inc ($69k), 100 Black Men of Bradley County Inc ($69k) and Cuyuna Range Youth Center Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.