Golden Heart Ranch

Analysis

Golden Heart Ranch is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Heart Ranch reported income of $693k and spending of $715k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $541k to $693k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Heart Ranch sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Family Promise of Skagit Valley ($693k), Young Parents United Inc ($693k) and Foster Care Closet ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $24k (3.4% of expenses). Other salaries and wages came to $246k. At year end it held assets of $3.6m against liabilities of $2.9m, net assets of $773k. It reported 22 employees.

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.