Golden Valley Electric Foundation Inc

Analysis

Golden Valley Electric Foundation Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Golden Valley Electric Foundation Inc reported income of $154k and spending of $163k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $154k (+10%), an average of +10% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Valley Electric Foundation Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 43rd percentile within AK. Charities of a similar size with the same main cause include Borrowed Hearts Foundation ($154k), Source Course Inc ($154k) and Human Services Network of Colorado ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.