New Haven Gay And Lesbian Community Center Inc
EIN: 61458869 · New Haven, CT · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $491K |
| Total Expenses | $440K |
| Net Assets | $-85,207 |
Is New Haven Gay And Lesbian Community Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Haven Gay And Lesbian Community Center Inc
New Haven Gay And Lesbian Community Center Inc (EIN: 61458869) is a nonprofit organization based in New Haven, CT, classified under NTEE code P80. The organization reported total revenue of $491K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Haven Gay And Lesbian Community Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Haven Gay And Lesbian Community Center Inc is a small nonprofit that has been operating for 3 years, with 6 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $577K |
| Total Expenses | $440K |
| Surplus / Deficit | +$137K |
| Total Assets | $52K |
| Total Liabilities | $137K |
| Net Assets | $-85,207 |
| Operating Margin | 23.7% |
| Debt-to-Asset Ratio | 264.6% |
| Months of Reserves | 1.4 months |
Financial Health Grade: B
In 2023, New Haven Gay And Lesbian Community Center Inc reported a surplus of $137K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 264.6% (high leverage).
Financial Trends
Over 6 years of filings (2008–2023), New Haven Gay And Lesbian Community Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.9% | -49.2% | -61.4% |
| 2022 | +1435.1% | +2516.4% | +461.8% |
| 2011 | +12.5% | +8.8% | +72.6% |
| 2010 | +32.6% | +8.9% | +134.3% |
| 2009 | -20.7% | -31.6% | +19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1250 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Haven Gay And Lesbian Community Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Haven Gay And Lesbian Community Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $137K, with revenue exceeding expenses.
- Debt-to-asset ratio: 264.6%.
Frequently Asked Questions about New Haven Gay And Lesbian Community Center Inc
Is New Haven Gay And Lesbian Community Center Inc a legitimate charity?
New Haven Gay And Lesbian Community Center Inc (EIN: 61458869) is a registered tax-exempt nonprofit based in Connecticut. It has 6 years of IRS 990 filings on record. Total revenue: $491K. No red flags identified. Financial health grade: B.
How does New Haven Gay And Lesbian Community Center Inc spend its money?
New Haven Gay And Lesbian Community Center Inc reported $491K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Haven Gay And Lesbian Community Center Inc tax-deductible?
New Haven Gay And Lesbian Community Center Inc is registered as a tax-exempt nonprofit (EIN: 61458869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Haven Gay And Lesbian Community Center Inc located?
New Haven Gay And Lesbian Community Center Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 61458869. It is classified under NTEE code P80.
How many years of IRS 990 filings does New Haven Gay And Lesbian Community Center Inc have?
New Haven Gay And Lesbian Community Center Inc has 6 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 $491K in total revenue.
Filing History
IRS 990 filing history for New Haven Gay And Lesbian Community Center Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2008–2023), New Haven Gay And Lesbian Community Center Inc's revenue has grown by 1481.5%, moving from $37K to $577K. Total assets increased by 946.6% over the same period, from $5K to $52K. Total functional expenses rose by 977.2%, from $41K to $440K. In its most recent filing year (2023), New Haven Gay And Lesbian Community Center Inc reported a surplus of $137K, with revenue exceeding expenses. The organization holds $137K in liabilities against $52K in assets (debt-to-asset ratio: 264.6%), resulting in net assets of $-85,207.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $577K | $440K | $52K | $137K | — | — |
| 2022 | $663K | $867K | $134K | $247K | — | — |
| 2011 | $43K | $33K | $24K | $0 | — | View 990 |
| 2010 | $38K | $30K | $14K | $0 | — | View 990 |
| 2009 | $29K | $28K | $6K | $0 | — | View 990 |
| 2008 | $37K | $41K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $577K, expenses of $440K, and assets of $52K (revenue -12.9% year-over-year).
- 2022: Revenue of $663K, expenses of $867K, and assets of $134K (revenue +1435.1% year-over-year).
- 2011: Revenue of $43K, expenses of $33K, and assets of $24K (revenue +12.5% year-over-year).
- 2010: Revenue of $38K, expenses of $30K, and assets of $14K (revenue +32.6% year-over-year).
- 2009: Revenue of $29K, expenses of $28K, and assets of $6K (revenue -20.7% year-over-year).
- 2008: Revenue of $37K, expenses of $41K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Haven Gay And Lesbian Community Center Inc:
Data Sources and Methodology
This transparency report for New Haven Gay And Lesbian Community Center 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.