Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc
SAGE reports a $3.78 million deficit in 2023 after two years of surpluses, while maintaining strong asset growth.
EIN: 132947657 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.0M |
| Total Expenses | $21.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $19 |
| Net Assets | $25.3M |
| Transparency Score | 85/100 |
Is Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc (EIN: 132947657) is a nonprofit organization based in New York, NY. The organization reported total revenue of $19.0M and total assets of $32.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc is a large 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 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.2M |
| Total Expenses | $21.0M |
| Surplus / Deficit | $-3,780,297 |
| Total Assets | $36.0M |
| Total Liabilities | $10.6M |
| Net Assets | $25.3M |
| Operating Margin | -22.0% |
| Debt-to-Asset Ratio | 29.5% |
| Months of Reserves | 20.6 months |
Financial Health Grade: B
In 2023, Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc reported a deficit of $3.8M with expenses exceeding revenue, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 29.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | +24.6% | -6.0% |
| 2022 | -16.7% | +33.2% | +6.2% |
| 2021 | +36.3% | -3.6% | +33.2% |
| 2020 | +39.6% | +3.7% | +34.7% |
| 2019 | -10.1% | +17.4% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders 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: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% 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 deficit of $3.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.5%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of SAGE's size with nearly $19 million in latest revenue and over $35 million in assets, suggesting that executive compensation may be reported under a different category or is not being fully disclosed in this summary data.
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 Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc's IRS 990 filings:
- Reported 0% officer compensation for an organization of this size is highly improbable and suggests a lack of transparency in this specific data point.
- Expenses ($20,959,845) exceeded revenue ($17,179,548) in the 2023 fiscal period, resulting in a deficit of over $3.7 million.
- Increasing liabilities, reaching $10,603,698 in 2023, should be monitored relative to asset growth and operational cash flow.
Strengths
The following positive indicators were identified for Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc:
- Strong and consistent asset growth, reaching $35,953,099 in 2023, provides financial stability.
- Significant revenue generation, with a peak of over $23 million in 2021 and latest revenue of nearly $19 million.
- Long operational history with 13 IRS 990 filings, indicating an established organization.
- Demonstrated ability to manage financial fluctuations, having experienced both surpluses and deficits over the years while maintaining growth.
Frequently Asked Questions about Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc
Is Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc a legitimate charity?
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc (EIN: 132947657) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $19.0M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc spend its money?
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc directs 80% of its spending to programs and services. Fundraising costs 8%. This exceeds the 65% industry benchmark.
Are donations to Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc tax-deductible?
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc is registered as a tax-exempt nonprofit (EIN: 132947657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc CEO make?
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc's highest-compensated officer earns $19 annually. The organization reported $19.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc's spending goes to programs?
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc located?
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc is headquartered in New York, New York and files with the IRS under EIN 132947657.
How many years of IRS 990 filings does Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc have?
Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders 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 $19.0M in total revenue.
Is SAGE a good charity?
Based on the available data, SAGE appears to be a good charity. It has a strong asset base ($35,953,099 in 2023), a history of significant revenue generation (e.g., $23,012,699 in 2021), and a consistent track record of operations since at least 2014. While there was a deficit in 2023, the organization has managed financial fluctuations in the past and maintains substantial reserves.
What caused the deficit in 2023?
In the 2023 fiscal period, SAGE's expenses totaled $20,959,845, while its revenue was $17,179,548. This resulted in a deficit of $3,780,297. The specific causes are not detailed in the summary data, but it indicates that spending outpaced income for that year.
How has SAGE's financial health changed over time?
SAGE has shown significant growth over the past decade. Revenue has grown from $6,086,559 in 2014 to $17,179,548 in 2023 (with a peak of $23,012,699 in 2021). Assets have also increased substantially from $8,114,445 in 2014 to $35,953,099 in 2023, demonstrating strong financial growth and accumulation of reserves.
Is the 0% officer compensation accurate?
The consistent reporting of 0% for officer compensation across all 13 filings is highly unusual for an organization of this scale. It suggests that executive compensation might be reported under different expense categories, or that the summary data provided does not fully capture this information. Further investigation into the full 990 forms would be needed to confirm the actual executive compensation.
What is the trend in SAGE's liabilities?
SAGE's liabilities have generally increased over time, from $814,351 in 2014 to $10,603,698 in 2023. While assets have grown significantly faster, the recent increase in liabilities from $9,156,831 in 2022 to $10,603,698 in 2023 warrants monitoring.
Filing History
IRS 990 filing history for Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc's revenue has grown by 132.8%, moving from $7.4M to $17.2M. Total assets increased by 321.8% over the same period, from $8.5M to $36.0M. Total functional expenses rose by 246.9%, from $6.0M to $21.0M. In its most recent filing year (2023), Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $10.6M in liabilities against $36.0M in assets (debt-to-asset ratio: 29.5%), resulting in net assets of $25.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.2M | $21.0M | $36.0M | $10.6M | — | View 990 |
| 2022 | $19.2M | $16.8M | $38.2M | $9.2M | — | View 990 |
| 2021 | $23.0M | $12.6M | $36.0M | $9.5M | — | View 990 |
| 2020 | $16.9M | $13.1M | $27.0M | $11.0M | — | View 990 |
| 2019 | $12.1M | $12.6M | $20.1M | $7.9M | — | View 990 |
| 2018 | $13.5M | $10.8M | $20.6M | $8.0M | — | View 990 |
| 2017 | $9.1M | $10.1M | $18.5M | $8.1M | — | — |
| 2016 | $12.2M | $8.8M | $12.2M | $779K | — | View 990 |
| 2015 | $8.6M | $7.9M | $9.2M | $1.1M | — | View 990 |
| 2014 | $6.1M | $6.3M | $8.1M | $814K | — | View 990 |
| 2013 | $8.0M | $6.5M | $9.3M | $1.8M | — | View 990 |
| 2012 | $8.5M | $7.2M | $9.0M | $3.0M | — | View 990 |
| 2011 | $7.4M | $6.0M | $8.5M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.2M, expenses of $21.0M, and assets of $36.0M (revenue -10.4% year-over-year).
- 2022: Revenue of $19.2M, expenses of $16.8M, and assets of $38.2M (revenue -16.7% year-over-year).
- 2021: Revenue of $23.0M, expenses of $12.6M, and assets of $36.0M (revenue +36.3% year-over-year).
- 2020: Revenue of $16.9M, expenses of $13.1M, and assets of $27.0M (revenue +39.6% year-over-year).
- 2019: Revenue of $12.1M, expenses of $12.6M, and assets of $20.1M (revenue -10.1% year-over-year).
- 2018: Revenue of $13.5M, expenses of $10.8M, and assets of $20.6M (revenue +48.1% year-over-year).
- 2017: Revenue of $9.1M, expenses of $10.1M, and assets of $18.5M (revenue -25.2% year-over-year).
- 2016: Revenue of $12.2M, expenses of $8.8M, and assets of $12.2M (revenue +41.4% year-over-year).
- 2015: Revenue of $8.6M, expenses of $7.9M, and assets of $9.2M (revenue +41.3% year-over-year).
- 2014: Revenue of $6.1M, expenses of $6.3M, and assets of $8.1M (revenue -24.1% year-over-year).
- 2013: Revenue of $8.0M, expenses of $6.5M, and assets of $9.3M (revenue -5.5% year-over-year).
- 2012: Revenue of $8.5M, expenses of $7.2M, and assets of $9.0M (revenue +14.9% year-over-year).
- 2011: Revenue of $7.4M, expenses of $6.0M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders Inc:
Data Sources and Methodology
This transparency report for Services & Advocacy For Gay Lesbian Bisexual & Transgender Elders 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.