The Arnold Gold Foundation

Analysis

The Arnold Gold Foundation is a registered charity in United States, based in Fort Lee, NJ. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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, The Arnold Gold Foundation reported income of $2.8m and spending of $4.0m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $2.8m (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arnold Gold Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Domestic Abuse and Sexual Assault Crisis Center of Warren County Inc ($2.8m), Zola Levitt Ministries Inc ($2.8m) and Jesuit Retreat Center of Los Altos ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $1.3m (33% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $12.8m against liabilities of $477k, net assets of $12.4m. It reported 21 employees.