Golden Key International Honour Society Inc

Analysis

Golden Key International Honour Society Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Key International Honour Society Inc reported income of $1.3m and spending of $1.7m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $5.2m to $1.3m (-75%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 67%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Golden Key International Honour Society Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Little Fountains of Light ($1.3m), Lorien Wood ($1.3m) and Sheldon Christian School Association ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $153k (9.0% of expenses). Other salaries and wages came to $451k. At year end it held assets of $1.4m against liabilities of $549k, net assets of $817k.