Greater Boston Chinese Golden Age Center Inc

Analysis

Greater Boston Chinese Golden Age Center Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Greater Boston Chinese Golden Age Center Inc reported income of $14.3m and spending of $11.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $14.3m (+49%), an average of +10% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Boston Chinese Golden Age Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Meals-On-Wheels Inc of Tarrant ($14.3m), Northwestern Ohio Community Action Inc ($14.3m) and Downeast Community Partners Inc ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $371k (3.1% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $13.9m against liabilities of $2.0m, net assets of $11.8m. It reported 197 employees.