Is Funders For Lesbian And Gay Issues Inc Legit?

Funders For Lesbian And Gay Issues Inc (FLGI) demonstrates a mixed financial picture. While the organization has shown significant growth in revenue and assets over the past decade, with revenue peaking at $7,118,377 in 2021 and assets reaching $6,715,243 in the same year, recent filings indicate some volatility. The latest 2023 filing shows expenses ($4,653,261) exceeding revenue ($3,067,132), resulting in a deficit for the period. This contrasts with several prior years where revenue significantly outpaced expenses, such as in 2021. The organization's assets remain substantial at $4,754,327 in 2023, providing a buffer against short-term deficits. Spending efficiency appears generally strong, with a consistent focus on program activities. The absence of reported officer compensation across all available filings suggests a commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial stewardship. However, the recent deficit warrants close monitoring to ensure long-term sustainability. Transparency is excellent regarding executive compensation, as zero officer compensation is reported. The consistent filing of IRS Form 990s over many years also indicates a commitment to public disclosure. The fluctuations in revenue and expenses, particularly the recent deficit, suggest that while the organization has a solid asset base, careful financial management will be crucial moving forward.