Lockman Foundation

Analysis

Lockman Foundation is a registered charity in United States, based in LA Habra, CA. It received its IRS tax-exemption ruling in March 1944, 82 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lockman Foundation reported income of $2.3m and spending of $1.2m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.3m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lockman Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Cabc USA Inc ($2.3m), Moore-West Center for Disciple Formation ($2.3m) and Galatains 6 2 Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $297k (24% of expenses). Other salaries and wages came to $450k. At year end it held assets of $15.6m against liabilities of $48k, net assets of $15.6m. It reported 17 employees.