The Running Springs Area Golden Oaks

Analysis

The Running Springs Area Golden Oaks is a registered charity in United States, based in Running SPGS, CA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 2024, The Running Springs Area Golden Oaks reported income of $168k and spending of $102k, leaving 39% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $136k to $168k (+23%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 18%. 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, The Running Springs Area Golden Oaks sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Sharpsburg Neighborhood Organization ($168k), Kidron Community Historical Society ($168k) and Italian Charities Inc ($168k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.2% and program service revenue 94% of the total. At year end it held assets of $564k against liabilities of $256k, net assets of $308k.