Golestan Foundation

Analysis

Golestan Foundation is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in October 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 August 2023, Golestan Foundation reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $272k to $1.2m (+351%), an average of +112% a year. The sharpest change came in the year to August 2022, when income rose by 423%. 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, Golestan Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Children on the Green Inc ($1.2m), Freedom House ($1.2m) and Pathways Adult Learning Center Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $748k against liabilities of $60, net assets of $748k.