New York City Parents of Lesbians and Gay Men Inc

Analysis

New York City Parents of Lesbians and Gay Men Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2021, New York City Parents of Lesbians and Gay Men Inc reported income of $329k and spending of $379k, spending 115% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income grew from $320k to $329k (+2.8%), an average of +1.4% a year. The sharpest change came in the year to June 2020, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New York City Parents of Lesbians and Gay Men Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Northwest Victim Services ($329k), Court-Appointed Special Advocate Guardian Ad Litem of Miami County ($329k) and National Association of Community and Restorative Justice ($329k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $90k (24% of expenses). Other salaries and wages came to $143k. At year end it held assets of $396k against liabilities of $205k, net assets of $190k.