LGBT Youth Out Loud

Analysis

LGBT Youth Out Loud is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Youth Out Loud reported income of $457k and spending of $431k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $457k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LGBT Youth Out Loud sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Sarah Stitt Hope Fund Inc ($457k), New Jersey Association of Student Councils ($457k) and Friends of Veritas Preparatory Charter School Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $84k (19% of expenses). Other salaries and wages came to $201k. At year end it held assets of $360k against liabilities of $125k, net assets of $236k. It reported 4 employees.