Gold Shield Foundation of North Carolina Inc

Analysis

Gold Shield Foundation of North Carolina Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 2020, 6 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 Shield Foundation of North Carolina Inc reported income of $51k and spending of $7,872, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $51k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gold Shield Foundation of North Carolina Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Blue Ridge Center for Therapeutichorsemanship ($51k), Terrebonne Patriots Inc ($51k) and Koloff for Christ Ministries ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.9% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.