Golden Broncho Club Inc

Analysis

Golden Broncho Club Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in December 1981, 45 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 August 2024, Golden Broncho Club Inc reported income of $339k and spending of $375k, spending 111% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $197k to $339k (+72%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 167%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Broncho Club Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include The Great Awakening Project ($339k), Coweta Pregnancy Services Inc ($339k) and Abtk Inc ($339k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 62% of the total. At year end it held assets of $8.4m against liabilities of $0, net assets of $8.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.