Is National Gay & Lesbian Chamber Of Commerce Legit?
Quick charity verification for National Gay & Lesbian Chamber Of Commerce (EIN: 134219714)
Verdict: National Gay & Lesbian Chamber Of Commerce appears trustworthy
85/100Mission Score
$15.7MRevenue
$17.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation.
Lack of detailed expense breakdown (program, admin, fundraising) in summary data, hindering a full assessment of spending efficiency.
Strengths
Strong and consistent revenue growth, from $3.27 million in 2014 to $9.46 million in 2023.
Significant asset accumulation, growing from $605,580 in 2014 to $14.38 million in 2023, indicating robust financial health.
Consistent positive net income, with revenues generally exceeding expenses, contributing to financial stability.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities (e.g., $14.38M assets vs. $4.91M liabilities in 2023).
Spending Breakdown
How National Gay & Lesbian Chamber Of Commerce allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 National Gay & Lesbian Chamber Of Commerce
Is National Gay & Lesbian Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, National Gay & Lesbian Chamber Of Commerce (EIN: 134219714) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is National Gay & Lesbian Chamber Of Commerce a good charity to donate to?
National Gay & Lesbian Chamber Of Commerce has a Mission Score of 85/100. Revenue: $15.7M. Assets: $17.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for National Gay & Lesbian Chamber Of Commerce?
The Employer Identification Number (EIN) for National Gay & Lesbian Chamber Of Commerce is 134219714. 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 National Gay & Lesbian Chamber Of Commerce spend its money?
National Gay & Lesbian Chamber Of Commerce allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify National Gay & Lesbian Chamber Of Commerce's tax-exempt status?
You can verify National Gay & Lesbian Chamber Of Commerce's tax-exempt status using EIN 134219714 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
The National Gay & Lesbian Chamber Of Commerce (NGLCC) demonstrates a generally healthy financial trajectory, with significant growth in revenue and assets over the past decade. Revenue has increased from $3.27 million in 2014 to $9.46 million in 2023, and assets have grown from $605,580 to $14.38 million in the same period. This sustained growth indicates strong fundraising capabilities and effective financial management. The organization consistently reports positive net income, with revenues exceeding expenses in most recent years, contributing to its accumulating assets.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent growth in assets and revenue suggests a stable operational model. The NGLCC's financial health appears robust, with a solid balance sheet. The absence of reported officer compensation in the provided data for all periods is a notable point regarding transparency, as it could imply that compensation is reported under other categories or that key officers are not compensated, which is less common for organizations of this size. Further detailed analysis of the full 990 forms would be necessary to fully assess spending efficiency and the allocation of funds across different functions.
Overall, the NGLCC exhibits strong financial growth and asset accumulation, indicating a well-managed and expanding organization. The significant increase in assets, particularly from $1.93 million in 2017 to $14.38 million in 2023, highlights substantial financial development. The consistent positive net income, such as $457,847 in 2023 ($9,457,409 revenue - $8,999,562 expenses), further reinforces its financial stability.