Los Angeles LGBT Center

Analysis

Los Angeles LGBT Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1984, 42 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, Los Angeles LGBT Center reported income of $162.4m and spending of $162.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $134.6m to $162.4m (+21%), an average of +4.8% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles LGBT Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Regent University ($160.2m), United Service Organizations Inc ($163.5m) and Migrant Health Center ($158.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.5m (0.9% of expenses). Other salaries and wages came to $54.3m. It paid $162k in professional fundraising fees. At year end it held assets of $192.1m against liabilities of $77.9m, net assets of $114.2m. It reported 1,081 employees.