Golden Spike Foundation

Analysis

Golden Spike Foundation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Spike Foundation reported income of $1.6m and spending of $1.1m, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $2.9m to $1.6m (-46%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Golden Spike Foundation 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 84th percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include Edge and Center Inc ($1.6m), Mary Foundation ($1.6m) and The Flagship Niagara League ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $13k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.