Long Island Gay and Lesbian Youth Inc

Analysis

Long Island Gay and Lesbian Youth Inc is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. 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 June 2023, Long Island Gay and Lesbian Youth Inc reported income of $2.4m and spending of $997k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.4m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Long Island Gay and Lesbian Youth Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Riverside Christian School ($2.4m), The Odessa Fire Company ($2.4m) and Share House Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $997k. At year end it held assets of $2.8m against liabilities of $324k, net assets of $2.5m. It reported 26 employees.