Golden Key Prison Ministry Inc

Analysis

Golden Key Prison Ministry Inc is a registered charity in United States, based in Newark Valley, NY. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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 Key Prison Ministry Inc reported income of $70k and spending of $67k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $70k (-0.5%), an average of -0.5% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Key Prison Ministry Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Code 3 Response ($70k), Osgood Area Life Squad Inc ($70k) and Prichard-Murray Volunteer Fire Department Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.