The LGBTQ Center Inc

Analysis

The LGBTQ Center Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, The LGBTQ Center Inc reported income of $252k and spending of $338k, spending 134% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $131k to $252k (+92%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The LGBTQ Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IN. Charities of a similar size with the same main cause include Friends of Jireh Inc ($252k), Silver Horizon New Mexico Inc ($252k) and Cho Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Other salaries and wages came to $262k. At year end it held assets of -$13k against liabilities of -$68k, net assets of $54k. It reported 4 employees.