Is The Lgbtq Center Inc Legit?

Red Flags

Negative assets ($-13,119) and liabilities ($-67,618) reported in the 202312 filing, indicating potential severe financial issues or reporting errors.
Expenses frequently exceed revenue, as seen in 202312 ($338,193 expenses vs. $252,412 revenue) and 202112 ($155,296 expenses vs. $136,007 revenue), suggesting potential reliance on reserves or unsustainable spending.
Significant fluctuation in assets, from $94,867 in 2017 to $-13,119 in 2023, indicating instability.

Spending Breakdown

How The Lgbtq Center Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 The Lgbtq Center Inc

Is The Lgbtq Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Lgbtq Center Inc (EIN: 203906347) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.

Is The Lgbtq Center Inc a good charity to donate to?

The Lgbtq Center Inc has a Mission Score of 55/100. Revenue: $149K. Assets: $37K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Lgbtq Center Inc?

The Employer Identification Number (EIN) for The Lgbtq Center Inc is 203906347. 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 The Lgbtq Center Inc spend its money?

The Lgbtq Center Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Lgbtq Center Inc's tax-exempt status?

You can verify The Lgbtq Center Inc's tax-exempt status using EIN 203906347 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 Lgbtq Center Inc demonstrates a mixed financial picture. While the organization has generally maintained consistent revenue streams, with the latest reported revenue at $148,849 and a peak of $252,412 in 2023, its financial health shows some volatility. The most recent filing (202312) reported negative assets of $-13,119 and negative liabilities of $-67,618, which is highly unusual and suggests potential accounting or operational issues that warrant further investigation. This contrasts sharply with previous years where assets were positive, such as $30,839 in 2022 and $51,380 in 2021.

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 organization's expenses have often exceeded its revenue, notably in 2023 ($338,193 expenses vs. $252,412 revenue) and 2021 ($155,296 expenses vs. $136,007 revenue), indicating a potential reliance on reserves or prior period funding. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive for program spending.

Transparency regarding executive compensation is excellent, with 0% reported. However, the significant negative asset and liability figures in the latest filing raise serious questions about the accuracy of financial reporting or the organization's solvency. Without further detail on the nature of these negative figures, it's challenging to fully evaluate the organization's financial stability and overall transparency beyond the compensation aspect.

Verdict: The Lgbtq Center Inc shows mixed signals