Golden Bond Rescue of Oregon Inc

Analysis

Golden Bond Rescue of Oregon Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Bond Rescue of Oregon Inc reported income of $726k and spending of $840k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $489k to $726k (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Bond Rescue of Oregon Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OR. Charities of a similar size with the same main cause include Childrens Gospel Hour Inc ($726k), Croisade Evangelique de Percheurs Dhommes ($726k) and Patriot K9s of Wisconsin Inc ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 29% of the total. At year end it held assets of $452k against liabilities of $12k, net assets of $441k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.