National LGBTQ Task Force

Analysis

National LGBTQ Task Force is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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, National LGBTQ Task Force reported income of $9.1m and spending of $8.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $9.1m (+74%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 206%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National LGBTQ Task Force sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Jewish Family Service Agency of Central Jersey ($9.1m), East Oakland Youth Development Center ($9.1m) and Banchero Disability Partners ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $474k (5.8% of expenses). Other salaries and wages came to $2.0m. It paid $295k in professional fundraising fees. At year end it held assets of $17.6m against liabilities of $1.0m, net assets of $16.6m. It reported 43 employees.