Golden Gate Inc

Analysis

Golden Gate Inc is a registered charity in United States, based in Clayton, NJ. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Golden Gate Inc reported income of $5.1m and spending of $4.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $5.1m (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Gate Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Helping Hands for the Disabled ($5.1m), Rolling Hills Creative Living Inc ($5.1m) and Project Insight Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $170k (3.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.5m against liabilities of $2.3m, net assets of $3.2m. It reported 240 employees.