LGBT Life Center

Analysis

LGBT Life Center is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, LGBT Life Center reported income of $10.4m and spending of $10.8m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.9m to $10.4m (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, LGBT Life Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Keystone Rural Health Consortia Inc ($10.4m), Iris House a Center for Woman Living with HIV Inc ($10.4m) and Sanctuary Centers of Santa Barbara Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $213k (2.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $5.8m against liabilities of $3.6m, net assets of $2.2m. It reported 103 employees.