Golden Spike Inc

Analysis

Golden Spike Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2024, Golden Spike Inc reported income of $2.8m and spending of $3.5m, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $2.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Spike Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Kvanli Academy Inc ($2.8m), Psycharmor Institute Inc ($2.8m) and North Bay Fire ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 85% of the total. At year end it held assets of $10.7m against liabilities of $13.3m, net assets of -$2.6m. It reported 6 employees.