LGBT Center of Greater Reading

Analysis

LGBT Center of Greater Reading is a registered charity in United States, based in Reading, PA. 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, LGBT Center of Greater Reading reported income of $574k and spending of $609k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $357k to $574k (+61%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, LGBT Center of Greater Reading sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Centro Presente Inc ($574k), Rescuing Hope Inc ($575k) and Union County Criminal Defense Lawyers ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $76k (13% of expenses). Other salaries and wages came to $236k. At year end it held assets of $177k against liabilities of $13k, net assets of $164k. It reported 18 employees.