LGBT Detroit

Analysis

LGBT Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, LGBT Detroit reported income of $739k and spending of $1.1m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $739k (+93%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 108% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, LGBT Detroit sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Oklahoma Alternative Resources Inc ($738k), Chicago City Council Latino Caucus Foundation ($740k) and Turning Point for Women and Families ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $153k (14% of expenses). Other salaries and wages came to $637k. At year end it held assets of $215k against liabilities of $40k, net assets of $174k. It reported 11 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.