Gold House Foundation Inc

Analysis

Gold House Foundation Inc is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gold House Foundation Inc reported income of $8.0m and spending of $7.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $8.0m (+1213%), an average of +90% a year. The sharpest change came in the year to December 2021, when income rose by 424%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gold House Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include United Presbyterian & Reformed Adult Ministries Inc ($8.0m), Meals on Wheels Western Michigan Inc ($8.0m) and Programa de Educacion Comunal de Entrega Y Servicio Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $678k (9.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.2m against liabilities of $434k, net assets of $4.8m. It reported 20 employees.