Oakland LGBTQ Community Center Inc

Analysis

Oakland LGBTQ Community Center Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 2018, 8 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 (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, Oakland LGBTQ Community Center Inc reported income of $3.3m and spending of $3.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $575k to $3.3m (+475%), an average of +55% a year. The sharpest change came in the year to December 2020, when income rose by 244%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oakland LGBTQ Community Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include CCRC Inc ($3.3m), National Association of Workforce Boards ($3.3m) and Missouri Jobs with Justice ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $128k (3.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.5m against liabilities of $3.4m, net assets of $1.0m. It reported 28 employees.