The LGBTQ Center of Durham Inc

Analysis

The LGBTQ Center of Durham Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in January 2012, 14 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 of Durham Inc reported income of $1.9m and spending of $1.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $1.9m (+365%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The LGBTQ Center of Durham Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Woodbridge Childrens Center ($1.9m), Malheur Council on Aging and Community Services ($1.9m) and Food for Families Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $109k (6.6% of expenses). Other salaries and wages came to $629k. At year end it held assets of $846k against liabilities of $40k, net assets of $807k. It reported 15 employees.