Gold Crown Foundation Inc

Analysis

Gold Crown Foundation Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Gold Crown Foundation Inc reported income of $4.8m and spending of $4.2m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $4.8m (+24%), an average of +5.4% a year. The sharpest change came in the year to September 2021, when income rose by 46%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gold Crown Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Western Indiana Community Foundation Inc ($4.8m), 9 11 Day ($4.8m) and United Way of Acadiana Inc ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $253k (6.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $10.0m against liabilities of $243k, net assets of $9.8m. It reported 77 employees.