LGBT Center of Raleigh Inc

Analysis

LGBT Center of Raleigh Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, LGBT Center of Raleigh Inc reported income of $859k and spending of $477k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $544k to $859k (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, LGBT Center of Raleigh Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Childrens Advocacy Center of Parker County ($859k), Conflict Resolution Center ($859k) and American Freedom Law Center Inc ($859k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $41k (8.6% of expenses). Other salaries and wages came to $186k. At year end it held assets of $788k against liabilities of $73k, net assets of $716k. It reported 6 employees.