Lock Arms for Life

Analysis

Lock Arms for Life is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Lock Arms for Life reported income of $114k and spending of $116k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $114k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 65% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Lock Arms for Life sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Imler Area Volunteer Fire Company ($114k), Tawakoni Volunteer Fire Department ($114k) and Volunteer Fire Company of Beach Lake ($114k).

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 $115k against liabilities of $1,949, net assets of $113k.