THE GOLDEN L E A F LONG-TERM ECONOMIC ADVANCEMENT FOUNDATION IN
301 N WINSTEAD AVE, ROCKY MOUNT, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $171,537,614 | $169,872,591 | $1,327,608,573 |
| FY2024 | $79,124,718 | $127,468,546 | $1,158,366,397 |
| FY2023 | $57,758,666 | $63,535,535 | $1,077,663,909 |
| FY2022 | $127,682,126 | $133,047,066 | $984,500,519 |
| FY2021 | $181,900,922 | $141,559,804 | $1,224,973,351 |
| FY2020 | $85,126,149 | $79,357,817 | $973,314,606 |
| FY2019 | $104,363,176 | $64,903,877 | $995,942,388 |
| FY2018 | $106,921,396 | $78,672,488 | $928,784,770 |
| FY2017 | $87,246,987 | $138,890,436 | $867,348,348 |
| FY2016 | $31,281,508 | $39,104,679 | $848,429,167 |
| FY2015 | $37,322,055 | $40,128,250 | $871,662,110 |
| FY2014 | $42,567,625 | $61,815,651 | $881,817,809 |
| FY2013 | $146,461,527 | $110,165,868 | $809,376,802 |
| FY2012 | $93,252,006 | $67,123,679 | $708,756,975 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $81,818,468 | 100% |
| Program service revenue | $0 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $164,522,588 | 97% |
| Management & general | $5,350,003 | 3% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2025.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 97% of functional expenses went to program services in FY2025. That is higher than 84.6% of 26 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Net assets covered about 93.8 months of expenses at the end of the reporting year. That puts it in the 46th percentile among 1261 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue was higher than 99.8% of 1303 Philanthropy, Voluntarism & Grantmaking Foundations organizations in NC.
- Total revenue rose from $93,252,006 in FY2012 to $171,537,614 in FY2025, Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2014, FY2015, FY2016, FY2017, FY2022, FY2023, FY2024).
- The highest revenue on record here is $181,900,922 in FY2021.
- Net assets grew from $708,756,975 to $1,327,608,573 between FY2012 and FY2025.
- Contributions and grants made up 76% of revenue in FY2012 and 48% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SEE PART III, LINE 1.
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T30 — Philanthropy, Voluntarism & Grantmaking Foundations |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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