Golden Belt Community Foundation

Analysis

Golden Belt Community Foundation is a registered charity in United States, based in Great Bend, KS. It received its IRS tax-exemption ruling in July 1997, 29 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 (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 Belt Community Foundation reported income of $2.7m and spending of $2.0m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.7m (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Golden Belt Community Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KS. Charities of a similar size with the same main cause include Community Foundation of Washington County Inc ($2.7m), United Way of Madison County Inc ($2.7m) and Fund for Santa Barbara Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $83k (4.2% of expenses). Other salaries and wages came to $117k. At year end it held assets of $32.9m against liabilities of $2.4m, net assets of $30.6m. It reported 4 employees.