Gay for Good

Analysis

Gay for Good is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 2014, 12 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 June 2023, Gay for Good reported income of $178k and spending of $202k, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $123k to $178k (+44%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gay for Good sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Order of Demolay in Pennsylvania ($178k), Tugg Corp ($178k) and Edmond Memorial Football Foundation ($178k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $139k (69% of expenses). At year end it held assets of $171k against liabilities of $0, net assets of $171k. It reported 3 employees.