Golden Ridge Housing Inc

Analysis

Golden Ridge Housing Inc is a registered charity in United States, based in Coventry, RI. It received its IRS tax-exemption ruling in December 2009, 17 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 (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 Ridge Housing Inc reported income of $253k and spending of $340k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $253k (+18%), an average of +4.2% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Ridge Housing Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within RI. Charities of a similar size with the same main cause include Partnership Housing Affordable to Society Everywhere ($253k), South Texas Economic Development Corporation Inc ($254k) and Wampum Park Housing Corp ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 97% of the total. At year end it held assets of $3.7m against liabilities of $44k, net assets of $3.6m.

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.