LGBTQ Center of the Cape Fear Coast

Analysis

LGBTQ Center of the Cape Fear Coast is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in August 2011, 15 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 December 2023, LGBTQ Center of the Cape Fear Coast reported income of $90k and spending of $102k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $61k to $90k (+48%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 75%. 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, LGBTQ Center of the Cape Fear Coast sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Patriots Foundation ($90k), Actions for International Solidarities ($90k) and Paterson Charter School Roundtable Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $1,584, net assets of $67k.