Is National Lgbtq Task Force Action Fund Inc Legit?
Quick charity verification for National Lgbtq Task Force Action Fund Inc (EIN: 132772832)
Verdict: National Lgbtq Task Force Action Fund Inc shows mixed signals
65/100Mission Score
$371KRevenue
$298KAssets
3Red Flags
3Strengths
Red Flags
Significant deficit in 202306 ($128,189, as expenses $449,913 exceeded revenue $321,724).
Highly inconsistent revenue and expense patterns over the past decade, indicating potential instability.
Assets decreased from $150,535 in 202206 to $120,924 in 202306, while liabilities increased from $0 to $98,578, significantly impacting net assets.
Strengths
Consistent 0% officer compensation across all reported periods, indicating efficient use of funds at the executive level.
Demonstrated ability to raise significant funds in certain periods, such as $335,339 in 201406 and $321,724 in 202306.
Maintained positive assets in most years, despite fluctuations in revenue and expenses.
Spending Breakdown
How National Lgbtq Task Force Action Fund Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Lgbtq Task Force Action Fund Inc
Is National Lgbtq Task Force Action Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Lgbtq Task Force Action Fund Inc (EIN: 132772832) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is National Lgbtq Task Force Action Fund Inc a good charity to donate to?
National Lgbtq Task Force Action Fund Inc has a Mission Score of 65/100. Revenue: $371K. Assets: $298K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for National Lgbtq Task Force Action Fund Inc?
The Employer Identification Number (EIN) for National Lgbtq Task Force Action Fund Inc is 132772832. 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 Lgbtq Task Force Action Fund Inc spend its money?
National Lgbtq Task Force Action Fund Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify National Lgbtq Task Force Action Fund Inc's tax-exempt status?
You can verify National Lgbtq Task Force Action Fund Inc's tax-exempt status using EIN 132772832 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 Lgbtq Task Force Action Fund Inc has shown inconsistent financial performance over the past several years. While the organization reported revenue of $371,212 and assets of $297,875 in its latest filing, a review of its 990 history reveals significant fluctuations. For instance, in fiscal year 202306, expenses ($449,913) substantially exceeded revenue ($321,724), leading to a deficit and a decrease in assets from the prior year. Conversely, in 202206, revenue ($154,682) significantly outpaced expenses ($81,595).
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The fluctuating financial health, particularly the deficit in 202306, warrants closer examination of their operational sustainability.
Transparency appears to be reasonable given the availability of multiple 990 filings. However, the lack of specific NTEE code information and detailed expense categories in the provided data limits a deeper analysis of their programmatic focus and spending efficiency. Donors might benefit from more granular reporting on how funds are allocated across different activities.