Locus

Analysis

Locus is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Locus reported income of $12.1m and spending of $226k, leaving 98% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $8,793 to $12.1m (+137658%), an average of +3612% a year. The sharpest change came in the year to December 2023, when income rose by 27131%. Over the whole period it spent 1.9% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Locus sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Lift Inc ($12.1m), Westview Services Inc ($12.1m) and Brighton Park Neighborhood Council ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $116.1m against liabilities of $1.4m, net assets of $114.7m. It reported 105 employees.