Lockhart Child Development Center

Analysis

Lockhart Child Development Center is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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 2022, Lockhart Child Development Center reported income of $548k and spending of $444k, spending 81% of its income. Across the 2 years on record, from December 2021 to June 2022, income grew from $227k to $548k (+142%), an average of +142% a year. The sharpest change came in the year to June 2022, when income rose by 142%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lockhart Child Development Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Langtry Village Inc ($548k), Big Brothers Big Sisters of West Al ($548k) and Montecito Union School Foundation ($548k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $44k (9.9% of expenses). Other salaries and wages came to $247k. At year end it held assets of $201k against liabilities of $2,983, net assets of $198k.