Golden Acres Inc

Analysis

Golden Acres Inc is a registered charity in United States, based in Paris, TX. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Golden Acres Inc reported income of $318k and spending of $345k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $327k to $318k (-2.8%), an average of -0.7% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Acres Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Union Plaza Senior Housing Inc ($318k), Spotsylvania United Methodist Housing Corporation ($318k) and Ahepa 192-Iii ($317k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.2m against liabilities of $49k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.