National Gay & Lesbian Chamber Of Commerce
National Gay & Lesbian Chamber Of Commerce shows strong financial growth and asset accumulation over the past decade.
EIN: 134219714 · Washington, DC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.7M |
| Total Expenses | $9.0M |
| Program Spending | 75% |
| Net Assets | $9.5M |
| Transparency Score | 85/100 |
Is National Gay & Lesbian Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Gay & Lesbian Chamber Of Commerce directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Gay & Lesbian Chamber Of Commerce
National Gay & Lesbian Chamber Of Commerce (EIN: 134219714) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $15.7M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Gay & Lesbian Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Gay & Lesbian Chamber Of Commerce is a large nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.5M |
| Total Expenses | $9.0M |
| Surplus / Deficit | +$458K |
| Total Assets | $14.4M |
| Total Liabilities | $4.9M |
| Net Assets | $9.5M |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 34.2% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, National Gay & Lesbian Chamber Of Commerce reported a surplus of $458K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 34.2% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), National Gay & Lesbian Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | +4.7% | -6.2% |
| 2022 | +4.2% | +46.3% | +24.1% |
| 2021 | +68.0% | +20.5% | +76.7% |
| 2020 | -22.2% | -21.0% | +43.3% |
| 2019 | +32.6% | +12.3% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates National Gay & Lesbian Chamber Of Commerce 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, National Gay & Lesbian Chamber Of Commerce allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $458K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.2%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filing periods, which is unusual for an organization of this revenue and asset size. This suggests that executive compensation might be reported under different expense categories or that key officers are uncompensated, warranting further investigation into the full 990 forms for clarity.
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 National Gay & Lesbian Chamber Of Commerce's IRS 990 filings:
- 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
The following positive indicators were identified for National Gay & Lesbian Chamber Of Commerce:
- 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).
Frequently Asked Questions about National Gay & Lesbian Chamber Of Commerce
Is National Gay & Lesbian Chamber Of Commerce a legitimate charity?
National Gay & Lesbian Chamber Of Commerce (EIN: 134219714) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $15.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does National Gay & Lesbian Chamber Of Commerce spend its money?
National Gay & Lesbian Chamber Of Commerce directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to National Gay & Lesbian Chamber Of Commerce tax-deductible?
National Gay & Lesbian Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 134219714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Gay & Lesbian Chamber Of Commerce's spending goes to programs?
National Gay & Lesbian Chamber Of Commerce directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Gay & Lesbian Chamber Of Commerce compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), National Gay & Lesbian Chamber Of Commerce is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Gay & Lesbian Chamber Of Commerce located?
National Gay & Lesbian Chamber Of Commerce is headquartered in Washington, Washington DC and files with the IRS under EIN 134219714. It is classified under NTEE code S41.
How many years of IRS 990 filings does National Gay & Lesbian Chamber Of Commerce have?
National Gay & Lesbian Chamber Of Commerce has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.7M in total revenue.
How does the NGLCC allocate its expenses between programs, administration, and fundraising?
The provided summary data does not detail the specific breakdown of expenses. A full review of the IRS 990 forms would be required to determine the exact percentages allocated to programs, administration, and fundraising.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is atypical for an organization of NGLCC's size and revenue. This could mean compensation is reported under other expense lines, or key officers are not compensated, which would require examining the full 990 forms for detailed compensation schedules.
What is the NGLCC's strategy for managing its increasing liabilities?
Liabilities have fluctuated, reaching $7.09 million in 2022 before decreasing to $4.91 million in 2023. While assets significantly outweigh liabilities, understanding the nature of these liabilities (e.g., program-related, operational) and the organization's management strategy would require a deeper dive into the financial statements.
Filing History
IRS 990 filing history for National Gay & Lesbian Chamber Of Commerce showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), National Gay & Lesbian Chamber Of Commerce's revenue has grown by 511.3%, moving from $1.5M to $9.5M. Total assets increased by 6621.1% over the same period, from $214K to $14.4M. Total functional expenses rose by 502.7%, from $1.5M to $9.0M. In its most recent filing year (2023), National Gay & Lesbian Chamber Of Commerce reported a surplus of $458K, with revenue exceeding expenses. The organization holds $4.9M in liabilities against $14.4M in assets (debt-to-asset ratio: 34.2%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.5M | $9.0M | $14.4M | $4.9M | — | — |
| 2022 | $10.6M | $8.6M | $15.3M | $7.1M | — | View 990 |
| 2021 | $10.1M | $5.9M | $12.4M | $6.1M | — | View 990 |
| 2020 | $6.0M | $4.9M | $7.0M | $3.8M | — | View 990 |
| 2019 | $7.8M | $6.2M | $4.9M | $2.9M | — | — |
| 2018 | $5.8M | $5.5M | $4.2M | $3.8M | — | View 990 |
| 2017 | $5.1M | $4.9M | $1.9M | $1.9M | — | View 990 |
| 2016 | $4.6M | $4.6M | $1.0M | $1.2M | — | View 990 |
| 2015 | $4.3M | $3.9M | $1.0M | $1.2M | — | View 990 |
| 2014 | $3.3M | $3.3M | $606K | $1.2M | — | View 990 |
| 2013 | $2.7M | $2.7M | $675K | $1.3M | — | View 990 |
| 2012 | $2.5M | $2.5M | $773K | $1.3M | — | View 990 |
| 2011 | $1.9M | $2.1M | $485K | $1.1M | — | View 990 |
| 2010 | $1.5M | $1.5M | $214K | $624K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.5M, expenses of $9.0M, and assets of $14.4M (revenue -10.4% year-over-year).
- 2022: Revenue of $10.6M, expenses of $8.6M, and assets of $15.3M (revenue +4.2% year-over-year).
- 2021: Revenue of $10.1M, expenses of $5.9M, and assets of $12.4M (revenue +68.0% year-over-year).
- 2020: Revenue of $6.0M, expenses of $4.9M, and assets of $7.0M (revenue -22.2% year-over-year).
- 2019: Revenue of $7.8M, expenses of $6.2M, and assets of $4.9M (revenue +32.6% year-over-year).
- 2018: Revenue of $5.8M, expenses of $5.5M, and assets of $4.2M (revenue +13.5% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.9M, and assets of $1.9M (revenue +11.6% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.6M, and assets of $1.0M (revenue +7.6% year-over-year).
- 2015: Revenue of $4.3M, expenses of $3.9M, and assets of $1.0M (revenue +31.0% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.3M, and assets of $606K (revenue +22.5% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.7M, and assets of $675K (revenue +6.9% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.5M, and assets of $773K (revenue +31.1% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.1M, and assets of $485K (revenue +23.2% year-over-year).
- 2010: Revenue of $1.5M, expenses of $1.5M, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Gay & Lesbian Chamber Of Commerce:
Data Sources and Methodology
This transparency report for National Gay & Lesbian Chamber Of Commerce 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.