Locks of Love (LOL) provides hairpieces to children 21 years and younger in the United States and Canada suffering from any type of medical hair loss. These custom-fitted hair prosthetics are provided free of charge. In 2019, the organization reports that it completed 91 custom-made vacuum prostheses for children with long-term hair loss and provided 49 synthetic hairpieces to children suffering from short-term hair loss.
For the year ended November 30, 2019, Locks of Love's program expenses were:
Program services |
$632,431 |
Total Program Expenses: |
$632,431 |
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Internet, Radio, Television
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $303,698, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Locks of Love's audited financial statements for the year ended November 30, 2019.
Source of Funds |
Investment income, net |
$360,960 |
Contributions |
$303,698 |
Material revenue |
$188,550 |
Other income |
$32,496 |
Total Income |
$885,704 |
- Programs: 84%
- Administrative: 15%
- Fundraising: Less than 1%
Total Income |
$885,704 |
Program expenses |
$632,431 |
Fundraising expenses |
$10,336 |
Administrative expenses |
$118,097 |
Other expenses |
$0 |
Total expenses: |
$760,864 |
Income in Excess of Expenses |
$124,840 |
Beginning Net Assets |
$6,039,650 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$6,164,490 |
Total Liabilities |
$4,321 |
Total Assets |
$6,168,811 |