Gold Nugget Days Inc

Analysis

Gold Nugget Days Inc is a registered charity in United States, based in Paradise, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Gold Nugget Days Inc reported income of $145k and spending of $265k, spending 183% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $170k to $145k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income rose by 320%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gold Nugget Days Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Rebound New Mexico ($145k), Souderton Area Baseball League Inc ($145k) and PTA California Congress of Parents Teachers & Students Inc ($145k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $113k. At year end it held assets of $1.6m against liabilities of -$1,879, net assets of $1.6m.