Goldenwood Inc

Analysis

Goldenwood Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Goldenwood Inc reported income of $606k and spending of $578k, spending 95% of its income. Across the 3 years on record, from December 2021 to June 2023, income fell from $677k to $606k (-10%), an average of -5.4% a year. The sharpest change came in the year to June 2023, when income rose by 103%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Goldenwood Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include National Christian Foundation Wisconsin Inc ($606k), Historic Fair Hill Inc ($607k) and United Community Center Inc ($606k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $348k (60% of expenses). At year end it held assets of $382k against liabilities of $0, net assets of $382k.