Galion Golden Age Club Inc

Analysis

Galion Golden Age Club Inc is a registered charity in United States, based in Galion, OH. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Galion Golden Age Club Inc reported income of $77k and spending of $77k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $77k (+137%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Galion Golden Age Club Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Embracing Hope of Howard County in ($77k), Maid to Serve Ministry Inc ($77k) and Bighearted Blooms ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 16% of the total. At year end it held assets of $285k against liabilities of $1,540, net assets of $283k.