Golden Years Housing Inc

Analysis

Golden Years Housing Inc is a registered charity in United States, based in West Liberty, IA. It received its IRS tax-exemption ruling in March 1975, 51 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 December 2023, Golden Years Housing Inc reported income of $452k and spending of $442k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $138 to $452k (+327182%), an average of +656% a year. The sharpest change came in the year to December 2020, when income rose by 270803%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Years Housing Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Teens for Christ Connection ($452k), A Better Choice Inc ($452k) and Caritas Villa ($452k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $453k against liabilities of $386k, net assets of $68k.