Golden Cross Senior Ministries Inc

Analysis

Golden Cross Senior Ministries Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Golden Cross Senior Ministries Inc reported income of $426k and spending of $327k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $447k to $426k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Cross Senior Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Hegemon Crest Senior Housing Inc ($426k), Marian Homes ($426k) and 1360 Nelson Avenue HDFC ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $63k (19% of expenses). Other salaries and wages came to $17k. At year end it held assets of $1.9m against liabilities of $2,958, net assets of $1.9m. It reported 2 employees.