Loft the Lesbian and Gay Community Services Center Inc

Analysis

Loft the Lesbian and Gay Community Services Center Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in December 1993, 33 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 March 2024, Loft the Lesbian and Gay Community Services Center Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $523k to $1.2m (+124%), an average of +22% a year. The sharpest change came in the year to March 2023, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loft the Lesbian and Gay Community Services Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Pre-School Inc ($1.2m), Sea Island Comprehensive Health ($1.2m) and Restoring Dignity ($1.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $123k (11% of expenses). Other salaries and wages came to $570k. At year end it held assets of $634k against liabilities of $197k, net assets of $436k. It reported 15 employees.