Funders For Lesbian And Gay Issues Inc
Funders For Lesbian And Gay Issues Inc reports a $1.58 million deficit in 2023 despite substantial assets.
EIN: 134144494 · New York, NY · NTEE: R26 · Updated: 2026-03-28
Is Funders For Lesbian And Gay Issues Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Funders For Lesbian And Gay Issues Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Funders For Lesbian And Gay Issues Inc
Funders For Lesbian And Gay Issues Inc (EIN: 134144494) is a nonprofit organization based in New York, NY, classified under NTEE code R26. The organization reported total revenue of $4.6M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Funders For Lesbian And Gay Issues Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Funders For Lesbian And Gay Issues Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Funders For Lesbian And Gay Issues Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for an organization of its size, suggesting a high dedication of resources directly to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Funders For Lesbian And Gay Issues Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Funders For Lesbian And Gay Issues Inc:
- 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)
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) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Funders For Lesbian And Gay Issues Inc spend its money?
Funders For Lesbian And Gay Issues Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Funders For Lesbian And Gay Issues Inc tax-deductible?
Funders For Lesbian And Gay Issues Inc is registered as a tax-exempt nonprofit (EIN: 134144494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Funders For Lesbian And Gay Issues Inc financially stable given the 2023 deficit?
While the 2023 filing shows expenses ($4,653,261) exceeding revenue ($3,067,132) by over $1.5 million, the organization's assets remain substantial at $4,754,327. This asset base provides a cushion, but sustained deficits would impact long-term stability.
How has the organization's revenue trended over the past few years?
Revenue has been volatile, peaking at $7,118,377 in 2021, then decreasing to $3,750,254 in 2022, and further to $3,067,132 in 2023. This indicates significant year-over-year fluctuations in funding.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all available filings, indicating that no officers receive salaries from the organization, which is highly efficient.
Filing History
IRS 990 filing history for Funders For Lesbian And Gay Issues Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Funders For Lesbian And Gay Issues Inc's revenue has grown by 214.5%, moving from $975K to $3.1M. Total assets increased by 278.5% over the same period, from $1.3M to $4.8M. Total functional expenses rose by 200.8%, from $1.5M to $4.7M. In its most recent filing year (2023), Funders For Lesbian And Gay Issues Inc reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $446K in liabilities against $4.8M in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $4.7M | $4.8M | $446K | — | — |
| 2022 | $3.8M | $3.3M | $5.7M | $270K | — | View 990 |
| 2021 | $7.1M | $2.9M | $6.7M | $294K | — | View 990 |
| 2020 | $2.9M | $2.8M | $2.3M | $323K | — | View 990 |
| 2019 | $2.0M | $2.6M | $1.8M | $38K | — | View 990 |
| 2018 | $3.0M | $2.3M | $2.3M | $37K | — | View 990 |
| 2017 | $2.7M | $2.1M | $1.8M | $68K | — | View 990 |
| 2016 | $1.4M | $1.8M | $1.1M | $12K | — | View 990 |
| 2015 | $1.9M | $1.3M | $1.5M | $11K | — | View 990 |
| 2014 | $922K | $1.1M | $919K | $20K | — | View 990 |
| 2013 | $1.4M | $891K | $1.1M | $30K | — | View 990 |
| 2012 | $479K | $1.1M | $675K | $54K | — | View 990 |
| 2011 | $975K | $1.5M | $1.3M | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $4.7M, and assets of $4.8M (revenue -18.2% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.3M, and assets of $5.7M (revenue -47.3% year-over-year).
- 2021: Revenue of $7.1M, expenses of $2.9M, and assets of $6.7M (revenue +141.7% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.8M, and assets of $2.3M (revenue +45.7% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.6M, and assets of $1.8M (revenue -32.4% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.3M, and assets of $2.3M (revenue +12.2% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.1M, and assets of $1.8M (revenue +86.4% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.8M, and assets of $1.1M (revenue -25.8% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.3M, and assets of $1.5M (revenue +108.9% year-over-year).
- 2014: Revenue of $922K, expenses of $1.1M, and assets of $919K (revenue -32.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $891K, and assets of $1.1M (revenue +183.9% year-over-year).
- 2012: Revenue of $479K, expenses of $1.1M, and assets of $675K (revenue -50.8% year-over-year).
- 2011: Revenue of $975K, expenses of $1.5M, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Funders For Lesbian And Gay Issues Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.