Gold Coast Veterans Foundation

Analysis

Gold Coast Veterans Foundation is a registered charity in United States, based in Camarillo, CA. It received its IRS tax-exemption ruling in August 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, Gold Coast Veterans Foundation reported income of $1.7m and spending of $1.0m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $1.7m (+600%), an average of +63% a year. The sharpest change came in the year to December 2020, when income rose by 302%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gold Coast Veterans Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Life Adventure Center Inc ($1.7m), Family Recovery Program Incorporated ($1.7m) and Refugee Womens Network Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $289k. It paid $60k in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $531k, net assets of $1.7m. It reported 10 employees.