Golden Circle Senior Citizens Council

Analysis

Golden Circle Senior Citizens Council is a registered charity in United States, based in Elizabethtown, IL. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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 September 2023, Golden Circle Senior Citizens Council reported income of $2.6m and spending of $3.0m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $2.6m (+9.3%), an average of +2.3% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Circle Senior Citizens Council 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 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include The Manna Project Inc ($2.6m), Detroit Skating Club Inc ($2.6m) and Boy Scouts of America ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $523k against liabilities of $279k, net assets of $243k. It reported 82 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.