Gay & Lesbian Community Center of Greater Fort Lauderdale Inc

Analysis

Gay & Lesbian Community Center of Greater Fort Lauderdale Inc is a registered charity in United States, based in Wilton Manors, FL. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2023, Gay & Lesbian Community Center of Greater Fort Lauderdale Inc reported income of $2.2m and spending of $2.5m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $2.2m (-0.4%), an average of -0.1% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gay & Lesbian Community Center of Greater Fort Lauderdale Inc 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 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Clear Creek Services Inc ($2.2m), Camp Ocean Pines Inc ($2.2m) and The Larrabee Center Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $237k (9.6% of expenses). Other salaries and wages came to $860k. At year end it held assets of $7.1m against liabilities of $2.9m, net assets of $4.3m. It reported 53 employees.