Long Beach Lesbian and Gay Pride Inc

Analysis

Long Beach Lesbian and Gay Pride Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Long Beach Lesbian and Gay Pride Inc reported income of $1.6m and spending of $2.3m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.6m (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 7224%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Beach Lesbian and Gay Pride Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include DC Youth Orchestra Program ($1.6m), Algemeiner Inc ($1.6m) and National Museum of World War II Aviation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.4m against liabilities of $49k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.