Golden Terrace Village IV Inc

Analysis

Golden Terrace Village IV Inc is a registered charity in United States, based in Snyder, TX. It received its IRS tax-exemption ruling in July 1998, 28 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 Terrace Village IV Inc reported income of $127k and spending of $170k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $127k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Terrace Village IV Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Potomac River Homes Inc ($127k), Perry S Hall Inc ($127k) and James Valley Apartments Inc ($127k).

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 $38k. At year end it held assets of $783k against liabilities of $1.6m, net assets of -$839k. It reported 2 employees.