Golden Pantry and Thrift Inc

Analysis

Golden Pantry and Thrift Inc is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Pantry and Thrift Inc reported income of $775k and spending of $824k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $775k (+426%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Pantry and Thrift Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include In Return ($775k), Thatcher Brook Center ($775k) and A New Horizon Inc ($775k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $51k (6.2% of expenses). Other salaries and wages came to $50k. At year end it held assets of $525k against liabilities of $17k, net assets of $508k. It reported 3 employees.