Golden Ciphers

Analysis

Golden Ciphers is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Golden Ciphers reported income of $256k and spending of $298k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $169k to $256k (+52%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Golden Ciphers sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include St Thomas Classical Academy ($256k), Prince Hall Grand Chapter Oes Foundation ($256k) and Patricks Purpose Foundation ($256k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $81k. At year end it held assets of $124k against liabilities of $202k, net assets of -$78k. It reported 2 employees.