Golden Drive Homeless Kids LLC

Analysis

Golden Drive Homeless Kids LLC is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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 Drive Homeless Kids LLC reported income of $174k and spending of $160k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $174k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Drive Homeless Kids LLC sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 43rd percentile within ND. Charities of a similar size with the same main cause include Vna Community Services Inc ($174k), Salina Shares ($174k) and Franklin County Historical Association ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.