South Coast LGBTQ Network Inc

Analysis

South Coast LGBTQ Network Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in April 2018, 8 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, South Coast LGBTQ Network Inc reported income of $296k and spending of $332k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $390k to $296k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 212%. Over the whole period it spent 40% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, South Coast LGBTQ Network Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Bare Chest Calendar Inc ($296k), Resolution Center of Jefferson and Lewis Counties Inc ($296k) and Vivante Espero ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $109k. At year end it held assets of $1.3m against liabilities of $63k, net assets of $1.3m. It reported 10 employees.