Milwaukee Lesbian-Gay-Bisexual-

Analysis

Milwaukee Lesbian-Gay-Bisexual- is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1998, 28 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, Milwaukee Lesbian-Gay-Bisexual- reported income of $899k and spending of $1.2m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $843k to $899k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milwaukee Lesbian-Gay-Bisexual- sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Rural Enterprise for Acceptable Living Inc ($898k), Streetwise Atlanta ($899k) and Mary S Shelter Inc ($898k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $86k (7.1% of expenses). Other salaries and wages came to $627k. At year end it held assets of $1.6m against liabilities of $1.5m, net assets of $120k. It reported 15 employees.

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.