Golden Valley Bank Communityfoundation

Analysis

Golden Valley Bank Communityfoundation is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in June 2007, 19 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Golden Valley Bank Communityfoundation reported income of $291k and spending of $1.6m, spending 540% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.7m to $291k (-97%), an average of -57% a year. The sharpest change came in the year to December 2020, when income dropped by 92%. Over the whole period it spent 139% 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 Valley Bank Communityfoundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Island Country Club Charitable Foundation Inc ($291k), Western North Carolina Real Estate Foundation Inc ($291k) and River Valley United Way Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $461k against liabilities of $0, net assets of $461k.

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.