Golden Hill Foundation Inc

Analysis

Golden Hill Foundation Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Golden Hill Foundation Inc reported income of $244k and spending of $234k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $255k to $244k (-4.4%), an average of -1.1% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Golden Hill Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Samaritan House Foundation ($244k), New Jersey State Federation of Womens Clubs ($244k) and Cherished Creations Inc ($244k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $968k against liabilities of $115k, net assets of $853k.