Gay & Lesbian Youth Services of Western New York Inc

Analysis

Gay & Lesbian Youth Services of Western New York Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Gay & Lesbian Youth Services of Western New York Inc reported income of $410k and spending of $494k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $410k (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gay & Lesbian Youth Services of Western New York Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Bonita Springs Assistance Office Inc ($410k), Southwest Fresno Development Corp ($410k) and Nami Mississippi ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $78k (16% of expenses). Other salaries and wages came to $239k. At year end it held assets of $949k against liabilities of $216k, net assets of $733k. It reported 7 employees.