Lockwood Community Corporation

Analysis

Lockwood Community Corporation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Lockwood Community Corporation reported income of $132k and spending of $185k, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $137k to $132k (-3.3%), an average of -1.1% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lockwood Community Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within NV. Charities of a similar size with the same main cause include Black Diamond Hope House Inc ($132k), Sweet Beulah Gardens Inc ($133k) and Genesis House Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $617k against liabilities of $17k, net assets of $599k.