Green and Gold Foundation of Lake Wales Inc

Analysis

Green and Gold Foundation of Lake Wales Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in December 2001, 25 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, Green and Gold Foundation of Lake Wales Inc reported income of $80k and spending of $87k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $76k to $80k (+5.7%), an average of +1.9% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Green and Gold Foundation of Lake Wales Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Spirithorse Rehabilitation Center ($80k), Mama D 2nd Chance ($80k) and Chen Teng Hsiu Compassion Foundation ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 27% of the total. Other salaries and wages came to $29k. At year end it held assets of $410k against liabilities of $1,322, net assets of $409k. It reported 8 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.