Golden Network Inc

Analysis

Golden Network Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Network Inc reported income of $106k and spending of $90k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $106k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Golden Network Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Iglesia Pentecostal Jesus El Pan de Vida ($106k), Northeast District Council of the Pentecoastal Assemblies of the Wor ($106k) and Shroud of Turin Education & Research Association Incorporated ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $13k, net assets of $46k.