LGBT CHARITIES INC

EIN: 260610918 501(c)(3) Philanthropy & Grantmaking

SALEM, MA

Total Revenue
$161,960
Total Expenses
$157,891
Total Assets
$21,214
Net Assets
$18,069
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MD
Principal Officer
DAVID ABRAHAMSON
Phone
9787124123
Tax Period
2023-05-01 to 2024-04-30

LGBT CHARITIES INC, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $162K in total revenue in fiscal year 2023.

Mission

TO ASSIST NOT-FOR-PROFITS IN WORKPLACE GIVING CAMPAIGNS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,810
Program Service Revenue $29,150
Investment Income $0
Other Revenue $0
TOTAL REVENUE $161,960

Expense Breakdown

Grants Paid $113,887
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $151,773
Other Expenses $44,004
TOTAL EXPENSES $157,891

Year-over-Year Comparison

2023 2022 Change
Revenue $161,960 $170,341 0.0%
Expenses $157,891 $166,709 -0.1%
Net Income $4,069 $3,632 +0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ABRAHAMSON PRESIDENT 1.00
Officer Director
$0 $0 $0
HEATHER KENYON DIRECTOR 1.00
Director
$0 $0 $0
DAVID REIFFEL SECRETARY/TR 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $161,960 $157,891 $21,214 $4,069
2023 $170,341 $166,709 $22,700 $3,632
2022 $176,048 $172,569 $23,993 $3,479
2021 $194,616 $193,343 $16,375 $1,273
2020 $168,132 $168,103 $12,996 $29
2019 $155,197 $153,636 $19,882 $1,561
2018 $295,707 $304,059 $84,928 $-8,352
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