Goler Place Inc

Analysis

Goler Place Inc is a registered charity in United States, based in Winstonsalem, NC. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goler Place Inc reported income of $534k and spending of $689k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $490k to $534k (+8.9%), an average of +2.2% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Goler Place Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Sabala International Center ($534k), Peninsula Housing Development Inc XI ($534k) and Tiny Pine Foundation ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $4.7m against liabilities of $281k, net assets of $4.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.