Quick charity verification for Funders For Lesbian And Gay Issues Inc (EIN: 134144494)
Verdict: Funders For Lesbian And Gay Issues Inc appears trustworthy
85/100Mission Score
$4.6MRevenue
$5.7MAssets
2Red Flags
4Strengths
Red Flags
Significant deficit in the latest 2023 filing ($1,586,129, as expenses exceeded revenue)
Volatile revenue stream, with a substantial drop from $7.1M in 2021 to $3.0M in 2023
Strengths
Zero reported officer compensation across all filings, indicating high efficiency in this area
Strong asset base ($4,754,327 in 2023) providing financial resilience
Consistent history of IRS 990 filings, demonstrating transparency
Significant growth in revenue and assets over the past decade (e.g., revenue from $921,887 in 2014 to $3,067,132 in 2023, assets from $918,607 to $4,754,327)
Spending Breakdown
How Funders For Lesbian And Gay Issues Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Funders For Lesbian And Gay Issues Inc
Is Funders For Lesbian And Gay Issues Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Funders For Lesbian And Gay Issues Inc (EIN: 134144494) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Funders For Lesbian And Gay Issues Inc a good charity to donate to?
Funders For Lesbian And Gay Issues Inc has a Mission Score of 85/100. Revenue: $4.6M. Assets: $5.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Funders For Lesbian And Gay Issues Inc?
The Employer Identification Number (EIN) for Funders For Lesbian And Gay Issues Inc is 134144494. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Funders For Lesbian And Gay Issues Inc spend its money?
Funders For Lesbian And Gay Issues Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Funders For Lesbian And Gay Issues Inc's tax-exempt status?
You can verify Funders For Lesbian And Gay Issues Inc's tax-exempt status using EIN 134144494 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
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.