Golden Valley Manor Inc

Analysis

Golden Valley Manor Inc is a registered charity in United States, based in Beach, ND. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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 June 2024, Golden Valley Manor Inc reported income of $736k and spending of $740k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $632k to $736k (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Valley Manor Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within ND. Charities of a similar size with the same main cause include Art Center Association of Sioux City ($736k), Messiahs Angels Foundation ($736k) and The Way to Happiness Foundation International ($736k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $84k (11% of expenses). Other salaries and wages came to $321k. At year end it held assets of $464k against liabilities of $231k, net assets of $233k. It reported 28 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.