Lgbt Charities Inc
Nonprofit profile at a glance
- EIN
- 260610918
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2007
- Location
- Salem, MA, USA
- Phone
- 9787124123
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $145,749
- Expenses
- $146,392
- Assets
- $20,533
- Liabilities
- $3,107
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- David Abrahamson (President)
People named in this filing
- David Abrahamson (President)
- Heather Kenyon (Treasurer)
- David Reiffel (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We work with other not-for-profit organizations to help them increase their participation and success in public-sector workplace charitable fund drives. The federation screens applications for such drives, assists with the transfer of funds from donors to the benefiting groups, educates the staff and volunteers of these groups so that they better understand workplace giving programs, and assists in the marketing of such groups to potential donors.
What it reported doing in 2024
During 2024-2025, we worked with organizations to help them participate in and receive funding from the Combined Federal Campaign. This involved helping member charities prepare successful applications, providing them advice on marketing, and tracking and distributing donations from the campaign.
Operating model
- Revenue model
- Donor-supported. 82% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 76% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 75
- Sustainability: 29
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.1%; rating input score 96
- Program expense ratio: 95.7%; rating input score 96
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 3rd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -0.4%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.8% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: -6.9% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 96.1% of revenue deployed · 95.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $140K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 10 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.