Gold Star Peak Inc

Analysis

Gold Star Peak Inc is a registered charity in United States, based in Eagle River, AK. It received its IRS tax-exemption ruling in February 2019, 7 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, Gold Star Peak Inc reported income of $300k and spending of $205k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $434k to $300k (-31%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gold Star Peak Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 56th percentile within AK. Charities of a similar size with the same main cause include Casa of Western Oklahoma Inc ($300k), Three-Wide Ministries ($300k) and Fayette Thrift Shop Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $80k (39% of expenses). At year end it held assets of $628k against liabilities of $0, net assets of $628k. It reported 1 employees.