Golden Valley Community Foundation

Analysis

Golden Valley Community Foundation is a registered charity in United States, based in Golden Valley, MN. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Valley Community Foundation reported income of $110k and spending of $79k, leaving 28% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $58k to $110k (+89%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Valley Community Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Garrison Gives Hope Inc ($110k), Lake Area Ministries Inc ($110k) and Unidos Por LA Libertad Org ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.