Golden House Inc

Analysis

Golden House Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Golden House Inc reported income of $4.2m and spending of $2.6m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.2m (+130%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden House Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Prince Georges Child Resource Center Inc ($4.2m), Community Leadership and Development Inc ($4.2m) and Abilities Services Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $108k (4.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $15.4m against liabilities of $4.8m, net assets of $10.6m. It reported 45 employees.