The Lgbtq Center Inc
LGBTQ Center Inc reports negative assets and liabilities in latest filing amidst fluctuating revenues.
EIN: 203906347 · South Bend, IN · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $149K |
| Total Expenses | $338K |
| Program Spending | 80% |
| Transparency Score | 55/100 |
Is The Lgbtq Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Lgbtq Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Lgbtq Center Inc
The Lgbtq Center Inc (EIN: 203906347) is a nonprofit organization based in South Bend, IN, classified under NTEE code P80. The organization reported total revenue of $149K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lgbtq Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Lgbtq Center Inc is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $338K |
| Surplus / Deficit | $-85,781 |
| Total Assets | $-13,119 |
| Net Assets | $54K |
| Operating Margin | -34.0% |
| Months of Reserves | -0.5 months |
Financial Health Grade: D
In 2023, The Lgbtq Center Inc reported a deficit of $86K with expenses exceeding revenue, holds -0.5 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2017–2023), The Lgbtq Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.8% | +111.5% | -142.5% |
| 2022 | +33.7% | +2.9% | -40.0% |
| 2021 | +5.3% | +21.6% | -27.3% |
| 2020 | +26.5% | +3.2% | +2.1% |
| 2019 | -22.2% | -3.4% | -24.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Lgbtq Center Inc with a Mission Score of 55 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, The Lgbtq Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $86K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that officers are not compensated, which is a positive for resource allocation to mission-related activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Lgbtq Center Inc's IRS 990 filings:
- Negative assets ($-13,119) and liabilities ($-67,618) reported in the 202312 filing, indicating potential severe financial issues or reporting errors.
- Expenses frequently exceed revenue, as seen in 202312 ($338,193 expenses vs. $252,412 revenue) and 202112 ($155,296 expenses vs. $136,007 revenue), suggesting potential reliance on reserves or unsustainable spending.
- Significant fluctuation in assets, from $94,867 in 2017 to $-13,119 in 2023, indicating instability.
Strengths
The following positive indicators were identified for The Lgbtq Center Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating a commitment to directing resources to programs.
- Maintained a consistent level of revenue generation over several years, generally above $100,000 annually.
Frequently Asked Questions about The Lgbtq Center Inc
Is The Lgbtq Center Inc a legitimate charity?
The Lgbtq Center Inc (EIN: 203906347) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 55/100. It has 7 years of IRS 990 filings on record. Total revenue: $149K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does The Lgbtq Center Inc spend its money?
The Lgbtq Center Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Lgbtq Center Inc tax-deductible?
The Lgbtq Center Inc is registered as a tax-exempt nonprofit (EIN: 203906347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Lgbtq Center Inc's spending goes to programs?
The Lgbtq Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Lgbtq Center Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), The Lgbtq Center Inc is near average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Lgbtq Center Inc located?
The Lgbtq Center Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 203906347. It is classified under NTEE code P80.
How many years of IRS 990 filings does The Lgbtq Center Inc have?
The Lgbtq Center Inc has 7 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 $149K in total revenue.
What caused the negative assets and liabilities reported in the 202312 filing?
The 202312 filing shows assets of $-13,119 and liabilities of $-67,618. This is highly unusual and could indicate significant accounting errors, a misinterpretation of financial reporting standards, or severe financial distress. Further clarification from the organization is needed.
How does The Lgbtq Center Inc cover its expenses when they exceed revenue?
In several periods, such as 202312 (Expenses=$338,193, Revenue=$252,412) and 202112 (Expenses=$155,296, Revenue=$136,007), expenses exceeded revenue. This suggests the organization may be drawing from prior year reserves, receiving non-cash contributions not fully reflected in revenue, or operating with a deficit.
What is the organization's strategy for achieving financial stability given the recent negative asset report?
The significant negative assets in the latest filing raise concerns about financial stability. The organization needs to address the root cause of these figures and outline a clear strategy to return to positive net assets and sustainable operations.
Filing History
IRS 990 filing history for The Lgbtq Center Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), The Lgbtq Center Inc's revenue has grown by 84.3%, moving from $137K to $252K. Total assets decreased by 113.8% over the same period, from $95K to $-13,119. Total functional expenses rose by 278.8%, from $89K to $338K. In its most recent filing year (2023), The Lgbtq Center Inc reported a deficit of $86K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $338K | $-13,119 | $-67,618 | — | — |
| 2022 | $182K | $160K | $31K | $0 | — | View 990 |
| 2021 | $136K | $155K | $51K | $14K | — | View 990 |
| 2020 | $129K | $128K | $71K | $14K | — | View 990 |
| 2019 | $102K | $124K | $69K | $14K | — | View 990 |
| 2018 | $131K | $128K | $91K | $14K | — | View 990 |
| 2017 | $137K | $89K | $95K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $252K, expenses of $338K, and assets of $-13,119 (revenue +38.8% year-over-year).
- 2022: Revenue of $182K, expenses of $160K, and assets of $31K (revenue +33.7% year-over-year).
- 2021: Revenue of $136K, expenses of $155K, and assets of $51K (revenue +5.3% year-over-year).
- 2020: Revenue of $129K, expenses of $128K, and assets of $71K (revenue +26.5% year-over-year).
- 2019: Revenue of $102K, expenses of $124K, and assets of $69K (revenue -22.2% year-over-year).
- 2018: Revenue of $131K, expenses of $128K, and assets of $91K (revenue -4.1% year-over-year).
- 2017: Revenue of $137K, expenses of $89K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Lgbtq Center Inc:
Data Sources and Methodology
This transparency report for The Lgbtq 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.