Golden Gate Regional Center Inc

Analysis

Golden Gate Regional Center Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 1968, 58 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 June 2023, Golden Gate Regional Center Inc reported income of $485.1m and spending of $485.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $330.4m to $485.1m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Gate Regional Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Father Flanagans Boys Home ($460.1m), Sutter Visiting Nurse Association and Hospice ($491.9m) and Partnership for Supply Chain Manage Ment ($443.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $613k (0.1% of expenses). Other salaries and wages came to $20.4m. At year end it held assets of $220.2m against liabilities of $220.0m, net assets of $161k. It reported 278 employees.

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.