Golden State Community Foundation

Analysis

Golden State Community Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Golden State Community Foundation reported income of $13.5m and spending of $7.7m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $13.5m (+192%), an average of +31% a year. The sharpest change came in the year to June 2020, when income rose by 259%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Golden State Community Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Plano Sports Authority ($13.5m), National Skeet Shooting Association a Texas Corp ($13.5m) and Lakeshore Park Conservancy ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $170k (2.2% of expenses). Other salaries and wages came to $537k. At year end it held assets of $25.9m against liabilities of $4.9m, net assets of $21.0m.