Golden Corridor Chapter-National Charity League

Analysis

Golden Corridor Chapter-National Charity League is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in May 1989, 37 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 May 2024, Golden Corridor Chapter-National Charity League reported income of $92k and spending of $80k, spending 88% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $87k to $92k (+5.0%), an average of +2.5% a year. The sharpest change came in the year to May 2023, when income rose by 18%. Over the whole period it spent 87% 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 Corridor Chapter-National Charity League sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Standard Plus Foundation ($92k), Compassionate Hearts Alliance Corporation ($92k) and Watches for Good Inc ($91k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 0.6% and program service revenue 60% of the total. At year end it held assets of $112k against liabilities of $13k, net assets of $99k.