LGBTQ Presidents in Higher Education

Analysis

LGBTQ Presidents in Higher Education is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, LGBTQ Presidents in Higher Education reported income of $139k and spending of $138k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $139k (+113%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LGBTQ Presidents in Higher Education sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Linden Economic Development Corporation ($139k), Main Street Aurora Inc ($139k) and Donora Downtown Committee Inc ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 2.2% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.