Source LGBT Center Inc

Analysis

Source LGBT Center Inc is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in September 2016, 10 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, Source LGBT Center Inc reported income of $2.6m and spending of $2.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $2.6m (+549%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 84% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Source LGBT Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Midwestern Innocence Project Inc ($2.6m), Child Advocacy Services Inc ($2.6m) and Televerde Foundation Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $115k (4.5% of expenses). Other salaries and wages came to $503k. At year end it held assets of $1.8m against liabilities of $538k, net assets of $1.3m. It reported 18 employees.