Worcester County G O L D Inc

Analysis

Worcester County G O L D Inc is a registered charity in United States, based in Snow Hill, MD. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Worcester County G O L D Inc reported income of $465k and spending of $444k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $465k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Worcester County G O L D Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Lake Pointe Resource Center Inc ($465k), Williams After School Club Inc ($466k) and Many Mothers ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $78k. At year end it held assets of $507k against liabilities of $19k, net assets of $488k. It reported 3 employees.