National Lgbtq Task Force Action Fund Inc
National Lgbtq Task Force Action Fund Inc shows fluctuating financial health with recent deficit spending.
EIN: 132772832 · Washington, DC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $371K |
| Total Expenses | $450K |
| Program Spending | 70% |
| Net Assets | $22K |
| Transparency Score | 65/100 |
Is National Lgbtq Task Force Action Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Lgbtq Task Force Action Fund Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About National Lgbtq Task Force Action Fund Inc
National Lgbtq Task Force Action Fund Inc (EIN: 132772832) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $371K and total assets of $298K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Lgbtq Task Force Action Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Lgbtq Task Force Action Fund Inc is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $322K |
| Total Expenses | $450K |
| Surplus / Deficit | $-128,189 |
| Total Assets | $121K |
| Total Liabilities | $99K |
| Net Assets | $22K |
| Operating Margin | -39.8% |
| Debt-to-Asset Ratio | 81.5% |
| Months of Reserves | 3.2 months |
Financial Health Grade: C
In 2023, National Lgbtq Task Force Action Fund Inc reported a deficit of $128K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 81.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Lgbtq Task Force Action Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +108.0% | +451.4% | -19.7% |
| 2022 | +116.5% | +16.4% | +92.4% |
| 2021 | -15.2% | +13.5% | -1.5% |
| 2020 | -61.0% | -77.6% | +34.6% |
| 2019 | -11.0% | +25.8% | -50.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1978 |
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 Lgbtq Task Force Action Fund Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, National Lgbtq Task Force Action Fund Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $128K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.5%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received compensation, which is highly favorable for donor trust and efficient use of funds relative to the organization's size and revenue levels.
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 Lgbtq Task Force Action Fund Inc's IRS 990 filings:
- 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
The following positive indicators were identified for National Lgbtq Task Force Action Fund Inc:
- 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.
Frequently Asked Questions about National Lgbtq Task Force Action Fund Inc
Is National Lgbtq Task Force Action Fund Inc a legitimate charity?
National Lgbtq Task Force Action Fund Inc (EIN: 132772832) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $371K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does National Lgbtq Task Force Action Fund Inc spend its money?
National Lgbtq Task Force Action Fund Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to National Lgbtq Task Force Action Fund Inc tax-deductible?
National Lgbtq Task Force Action Fund Inc is registered as a tax-exempt nonprofit (EIN: 132772832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Lgbtq Task Force Action Fund Inc's spending goes to programs?
National Lgbtq Task Force Action Fund Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is National Lgbtq Task Force Action Fund Inc located?
National Lgbtq Task Force Action Fund Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 132772832.
How many years of IRS 990 filings does National Lgbtq Task Force Action Fund Inc have?
National Lgbtq Task Force Action Fund Inc has 13 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 $371K in total revenue.
Why did expenses significantly exceed revenue in fiscal year 202306?
In fiscal year 202306, the organization reported expenses of $449,913 against revenues of $321,724, resulting in a deficit. This could be due to increased program activities, one-time expenditures, or a temporary dip in fundraising, and would require reviewing the full 990 for specifics.
What is the organization's strategy for managing its fluctuating revenue and expenses?
The organization's revenue and expenses have varied significantly year-to-year (e.g., revenue $71,461 in 202106 vs. $321,724 in 202306). A clear strategy for financial stability and growth would be important to understand.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, which is unusual for an organization of this size and activity level.
Filing History
IRS 990 filing history for National Lgbtq Task Force Action Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Lgbtq Task Force Action Fund Inc's revenue has declined by 36.3%, moving from $505K to $322K. Total assets decreased by 46.2% over the same period, from $225K to $121K. Total functional expenses fell by 19.1%, from $556K to $450K. In its most recent filing year (2023), National Lgbtq Task Force Action Fund Inc reported a deficit of $128K, with expenses exceeding revenue. The organization holds $99K in liabilities against $121K in assets (debt-to-asset ratio: 81.5%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $322K | $450K | $121K | $99K | — | View 990 |
| 2022 | $155K | $82K | $151K | $0 | — | View 990 |
| 2021 | $71K | $70K | $78K | $775 | — | View 990 |
| 2020 | $84K | $62K | $79K | $3K | — | View 990 |
| 2019 | $216K | $276K | $59K | $5K | — | View 990 |
| 2018 | $243K | $219K | $120K | $7K | — | View 990 |
| 2017 | $162K | $96K | $95K | $5K | — | View 990 |
| 2016 | $165K | $211K | $55K | $32K | — | View 990 |
| 2015 | $189K | $223K | $82K | $12K | — | View 990 |
| 2014 | $335K | $291K | $114K | $10K | — | View 990 |
| 2013 | $705K | $764K | $225K | $145K | — | View 990 |
| 2012 | $403K | $435K | $242K | $104K | — | View 990 |
| 2011 | $505K | $556K | $225K | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $322K, expenses of $450K, and assets of $121K (revenue +108.0% year-over-year).
- 2022: Revenue of $155K, expenses of $82K, and assets of $151K (revenue +116.5% year-over-year).
- 2021: Revenue of $71K, expenses of $70K, and assets of $78K (revenue -15.2% year-over-year).
- 2020: Revenue of $84K, expenses of $62K, and assets of $79K (revenue -61.0% year-over-year).
- 2019: Revenue of $216K, expenses of $276K, and assets of $59K (revenue -11.0% year-over-year).
- 2018: Revenue of $243K, expenses of $219K, and assets of $120K (revenue +49.9% year-over-year).
- 2017: Revenue of $162K, expenses of $96K, and assets of $95K (revenue -1.7% year-over-year).
- 2016: Revenue of $165K, expenses of $211K, and assets of $55K (revenue -12.9% year-over-year).
- 2015: Revenue of $189K, expenses of $223K, and assets of $82K (revenue -43.6% year-over-year).
- 2014: Revenue of $335K, expenses of $291K, and assets of $114K (revenue -52.5% year-over-year).
- 2013: Revenue of $705K, expenses of $764K, and assets of $225K (revenue +74.9% year-over-year).
- 2012: Revenue of $403K, expenses of $435K, and assets of $242K (revenue -20.1% year-over-year).
- 2011: Revenue of $505K, expenses of $556K, and assets of $225K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Lgbtq Task Force Action Fund Inc:
Data Sources and Methodology
This transparency report for National Lgbtq Task Force Action Fund 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.