Friends of Golden Door Charter School Inc

Analysis

Friends of Golden Door Charter School Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Golden Door Charter School Inc reported income of $969k and spending of $994k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.1m to $969k (-14%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Golden Door Charter School Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Florida School of Preaching ($969k), Pleasanton Partnerships in Education Foundation ($969k) and American Friends of Combatants for Peace Inc ($969k).

At year end it held assets of $12.0m against liabilities of $11.0m, net assets of $1.0m.

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.