Golden Empire Chdo Affordable Housing Inc

Analysis

Golden Empire Chdo Affordable Housing Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Empire Chdo Affordable Housing Inc reported income of $544k and spending of $538k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $514k to $544k (+5.9%), an average of +1.5% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Empire Chdo Affordable Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Italian American Housing Development Fund Company Inc ($544k), Friendship House American Indian Healing Center Inc ($544k) and MRC Melrose Housing Development Fund Corporation ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 42% of the total. Other salaries and wages came to $97k. At year end it held assets of $2.1m against liabilities of $1.5m, net assets of $616k.