Gold Network of East Texas

Analysis

Gold Network of East Texas is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Gold Network of East Texas reported income of $112k and spending of $91k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $112k (+133%), an average of +133% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gold Network of East Texas sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Blazing Grace ($112k), Heartbeat of Columbiana County Inc ($112k) and LCHC Qalicb Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $87k against liabilities of $11k, net assets of $76k.