Goldensun Peace Ministries

Analysis

Goldensun Peace Ministries is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in October 2005, 21 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, Goldensun Peace Ministries reported income of $1.4m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goldensun Peace Ministries sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Urban Rebound Initiatives Inc ($1.4m), Advocates for Children and Families Inc ($1.4m) and Supporting Future Growth Child Development Center Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $84k (6.8% of expenses). Other salaries and wages came to $773k. At year end it held assets of $1.3m against liabilities of $363k, net assets of $987k. It reported 28 employees.