Golconda Foundation Inc

Analysis

Golconda Foundation Inc is a registered charity in United States, based in Jones, OK. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Golconda Foundation Inc reported income of $131k and spending of $89k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $743k to $131k (-82%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Golconda Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OK. Charities of a similar size with the same main cause include University City Foundation for Public Schools ($131k), Zane Access Co ($131k) and Wesley Day School ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.