LGBT Charities Inc

Analysis

LGBT Charities Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2023, LGBT Charities Inc reported income of $170k and spending of $167k, spending 98% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $168k to $170k (+1.3%), an average of +0.4% a year. The sharpest change came in the year to April 2021, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, LGBT Charities Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Spring-Ford Area School District Educational Foundation ($170k), Westbank Rotary Club Foundation ($170k) and Cushman Albert Rice TR ($170k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $23k against liabilities of $8,700, net assets of $14k.