The Golden L E a F Long-Term Economic Advancement Foundation in

Analysis

The Golden L E a F Long-Term Economic Advancement Foundation in is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, The Golden L E a F Long-Term Economic Advancement Foundation in reported income of $79.1m and spending of $127.5m, spending 161% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $85.1m to $79.1m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 114%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Golden L E a F Long-Term Economic Advancement Foundation in sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Stifel Charitable Inc ($79.0m), The Pittsburgh Foundation ($80.3m) and Greater Milwaukee Foundation Inc ($78.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $1.6m (1.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.40bn against liabilities of $245.6m, net assets of $1.16bn. It reported 30 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.