Golden Path

Analysis

Golden Path is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Golden Path reported income of $250k and spending of $246k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $189k to $250k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Golden Path sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Westwater Financial Inc ($250k), Main Street Texarkana ($250k) and Connected Hearts ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. At year end it held assets of $23k against liabilities of $18k, net assets of $4,499.