LGBT Housing Initiatve

Analysis

LGBT Housing Initiatve is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, LGBT Housing Initiatve reported income of $135k and spending of $96k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $135k (-10.0%), an average of -10% a year. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LGBT Housing Initiatve sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Chance Foundation Inc ($135k), Houston Double Ten Celebration Committee Inc ($135k) and Children of Incarcerated Caregivers ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.