Golden Heart Fund

Analysis

Golden Heart Fund is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 March 2023, Golden Heart Fund reported income of $257k and spending of $992k, spending 386% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $546k to $257k (-53%), an average of -22% a year. The sharpest change came in the year to March 2022, when income rose by 132%. Over the whole period it spent 128% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Golden Heart Fund sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Florida Venture Foundation Inc ($257k), Tinicum Civic Association Inc ($257k) and Aleh Lemaala Inc ($257k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 153% of the total. Compensation of current officers, directors and key employees was $170k (17% of expenses). Other salaries and wages came to $265k. At year end it held assets of $1.4m against liabilities of $39k, net assets of $1.3m. It reported 5 employees.