Golden Empire Affordable Housing Inc

Analysis

Golden Empire Affordable Housing Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in February 1997, 29 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 Empire Affordable Housing Inc reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $592k to $1.7m (+183%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Empire Affordable Housing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Interfaith Homes Incorporated ($1.7m), Stoneleigh Housing Inc ($1.7m) and Habitat for Humanity International Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 67% of the total. Other salaries and wages came to $586k. At year end it held assets of $9.5m against liabilities of $591k, net assets of $8.9m. It reported 22 employees.