Golden Empire Affordable Housing Inc II

Analysis

Golden Empire Affordable Housing Inc II is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in November 1996, 30 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 (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 Empire Affordable Housing Inc II reported income of $395k and spending of $565k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $395k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 159%. Over the whole period it spent 123% 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 II sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Fair Housing Center of the Greater Palm Beaches ($395k), Ahepa-Penelope 35 Inc ($395k) and Southwest Florida Gwi Housing XII Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $26k. At year end it held assets of $12.1m against liabilities of $5.9m, net assets of $6.2m.