Golden Rule Industries of Muskogee Inc

Analysis

Golden Rule Industries of Muskogee Inc is a registered charity in United States, based in Muskogee, OK. It received its IRS tax-exemption ruling in July 1964, 62 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Golden Rule Industries of Muskogee Inc reported income of $2.7m and spending of $2.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.7m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Golden Rule Industries of Muskogee Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Jobs for Virginia Graduates Inc ($2.7m), Kansas Municipal Utilities Inc ($2.7m) and Civil Survival Project ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 47% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.7m against liabilities of $132k, net assets of $1.6m. It reported 117 employees.