Golden Rule Community Development Corporation

Analysis

Golden Rule Community Development Corporation is a registered charity in United States, based in Montebello, CA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Golden Rule Community Development Corporation reported income of $160k and spending of $206k, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $97k to $160k (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 306% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Rule Community Development Corporation sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Burlington Area Homeless Shelter ($160k), Over the Rainbow Unit I ($160k) and Terra Quest Inc ($160k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $57k (27% of expenses). At year end it held assets of $2.1m against liabilities of $510k, net assets of $1.5m.

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.