Services & Advocacy for Gay Lesbian Bisexual & Transgender Elders Inc

Analysis

Services & Advocacy for Gay Lesbian Bisexual & Transgender Elders Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1978, 48 years ago. 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 June 2023, Services & Advocacy for Gay Lesbian Bisexual & Transgender Elders Inc reported income of $17.2m and spending of $21.0m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.1m to $17.2m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Services & Advocacy for Gay Lesbian Bisexual & Transgender Elders Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Southern California ($17.2m), Hospice of the Panhandle Inc ($17.2m) and Evergreen Freedom Foundation ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $990k (4.7% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $36.0m against liabilities of $10.6m, net assets of $25.3m. It reported 149 employees.