William Way LGBT Community Center

Analysis

William Way LGBT Community Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1976, 50 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 2023, William Way LGBT Community Center reported income of $3.9m and spending of $2.2m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $3.9m (+213%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, William Way LGBT Community Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Good Samaritan Center of San Antonio ($3.9m), Morrisania Revitalization Corp Inc ($3.9m) and St Colettas of Illinois Foundation ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $143k (6.6% of expenses). Other salaries and wages came to $801k. At year end it held assets of $5.7m against liabilities of $1.9m, net assets of $3.7m. It reported 34 employees.