Sean Locke 24 Foundation

Analysis

Sean Locke 24 Foundation is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in July 2019, 7 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 (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, Sean Locke 24 Foundation reported income of $1.1m and spending of $503k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $1.1m (+440%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 47% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sean Locke 24 Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within DE. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($1.1m), Vital Volleyball Club ($1.1m) and Mission Possible ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $42k (8.4% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 25 employees.