Golden Civic Foundation Inc

Analysis

Golden Civic Foundation Inc is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in January 1971, 55 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 Civic Foundation Inc reported income of $724k and spending of $466k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $724k (+258%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 90% 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 Civic Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Tahoe Mountain Resorts Foundation ($724k), North Platte Community College Foundation ($724k) and Evergreen Charitable & Educational Foundation Inc ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $80k (17% of expenses). Other salaries and wages came to $63k. At year end it held assets of $3.9m against liabilities of $37k, net assets of $3.8m. It reported 4 employees.