Gold Country Settlement Funding Corp

Analysis

Gold Country Settlement Funding Corp is a registered charity in United States, based in Auburn, CA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Gold Country Settlement Funding Corp reported income of $4.0m and spending of $2.3m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $4.0m (+7.6%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gold Country Settlement Funding Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Our Lady of Victory Renaissance Corporation ($4.0m), Cristo Rey High School Sacramento ($4.0m) and Lexington Hearing and Speech Center Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $5.8m against liabilities of $60.7m, net assets of -$54.8m.