Goldencare Inc

Analysis

Goldencare Inc is a registered charity in United States, based in Lancaster, SC. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Goldencare Inc reported income of $2.4m and spending of $1.5m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.4m (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Goldencare Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Aspirus Buildings Inc ($2.4m), Ebenzer Medical Outreach Inc ($2.4m) and Sojourns Community Clinic Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $65k (4.3% of expenses). Other salaries and wages came to $924k. At year end it held assets of $2.4m against liabilities of $18k, net assets of $2.4m. It reported 82 employees.