The Gay Lesbian Bisexual & Transgender Community Center of Co

Analysis

The Gay Lesbian Bisexual & Transgender Community Center of Co is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1978, 48 years ago. 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, The Gay Lesbian Bisexual & Transgender Community Center of Co reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Gay Lesbian Bisexual & Transgender Community Center of Co sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Damien Ministries Inc ($3.8m), City of San Francisco Japan Center Garage Corporation ($3.8m) and Sandhills Community College Foundation Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $243k (6.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.9m against liabilities of $767k, net assets of $4.1m. It reported 24 employees.