Kalamazoo Gay-Lesbian Resource Center

Analysis

Kalamazoo Gay-Lesbian Resource Center is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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, Kalamazoo Gay-Lesbian Resource Center reported income of $671k and spending of $877k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $495k to $671k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kalamazoo Gay-Lesbian Resource Center sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Ridgefield Veterans Memorial Community Association Inc ($671k), Mission Doctors Association ($671k) and BTX Art League ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $83k (9.4% of expenses). Other salaries and wages came to $448k. At year end it held assets of $853k against liabilities of $22k, net assets of $832k. It reported 22 employees.