Golden Butterfly Bakers Inc

Analysis

Golden Butterfly Bakers Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Golden Butterfly Bakers Inc reported income of $98k and spending of $86k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $98k (+12%), an average of +12% a year. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Butterfly Bakers Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Toy Lift Charities ($98k), Upshur County Shares ($98k) and Operation Brotherhood West Center ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $47k against liabilities of $23k, net assets of $24k.