LGBT Technology Institute

Analysis

LGBT Technology Institute is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, LGBT Technology Institute reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $289k to $1.2m (+312%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LGBT Technology Institute sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Guiding Light Foster Family Agency ($1.2m), Better Tomorrow ($1.2m) and Mommas Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $192k (15% of expenses). Other salaries and wages came to $410k. At year end it held assets of $660k against liabilities of $5,086, net assets of $655k. It reported 9 employees.