Golden Spike Foundation
EIN: 825492836 · Salt Lake Cty, UT · NTEE: A84
| Metric | Value |
|---|---|
| Total Revenue | $669K |
| Total Expenses | $1.1M |
| Net Assets | $1.4M |
Is Golden Spike Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Golden Spike Foundation
Golden Spike Foundation (EIN: 825492836) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code A84. The organization reported total revenue of $669K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golden Spike Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golden Spike Foundation is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$497K |
| Total Assets | $1.4M |
| Net Assets | $1.4M |
| Operating Margin | 31.7% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Golden Spike Foundation reported a surplus of $497K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2018–2023), Golden Spike Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | +24.8% | +53.3% |
| 2022 | +95.1% | +15.6% | +182.4% |
| 2021 | -74.2% | -74.8% | -18.1% |
| 2019 | +202.9% | +483.2% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Golden Spike Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Golden Spike Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $497K, with revenue exceeding expenses.
Frequently Asked Questions about Golden Spike Foundation
Is Golden Spike Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Golden Spike Foundation (EIN: 825492836) insufficient data. 0 red flags identified, 0 strengths noted.
How does Golden Spike Foundation spend its money?
Detailed spending breakdown data is not yet available for Golden Spike Foundation. Check back for updated IRS 990 analysis.
Are donations to Golden Spike Foundation tax-deductible?
Golden Spike Foundation is registered as a tax-exempt nonprofit (EIN: 825492836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Golden Spike Foundation located?
Golden Spike Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 825492836. It is classified under NTEE code A84.
How many years of IRS 990 filings does Golden Spike Foundation have?
Golden Spike Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $669K in total revenue.
Filing History
IRS 990 filing history for Golden Spike Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2023), Golden Spike Foundation's revenue has grown by 63.9%, moving from $955K to $1.6M. Total assets increased by 216.8% over the same period, from $451K to $1.4M. Total functional expenses rose by 111.9%, from $504K to $1.1M. In its most recent filing year (2023), Golden Spike Foundation reported a surplus of $497K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.1M | $1.4M | $0 | — | — |
| 2022 | $1.5M | $857K | $931K | $0 | — | View 990 |
| 2021 | $747K | $741K | $330K | $0 | — | View 990 |
| 2019 | $2.9M | $2.9M | $403K | $698 | — | View 990 |
| 2018 | $955K | $504K | $451K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.1M, and assets of $1.4M (revenue +7.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $857K, and assets of $931K (revenue +95.1% year-over-year).
- 2021: Revenue of $747K, expenses of $741K, and assets of $330K (revenue -74.2% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.9M, and assets of $403K (revenue +202.9% year-over-year).
- 2018: Revenue of $955K, expenses of $504K, and assets of $451K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golden Spike Foundation:
Data Sources and Methodology
This transparency report for Golden Spike Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.