Golden Years Homestead Inc

Analysis

Golden Years Homestead Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 1970, 56 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Golden Years Homestead Inc reported income of $16.7m and spending of $14.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $16.7m (+183%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 103%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Golden Years Homestead Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Premier Healthcare Inc ($16.7m), Uchealth Laboratory Services LLC ($16.7m) and Community Family Advocates Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $46.0m against liabilities of $16.6m, net assets of $29.4m. It reported 253 employees.