Golden Age Foundation Inc

Analysis

Golden Age Foundation Inc is a registered charity in United States, based in Seal Beach, CA. It received its IRS tax-exemption ruling in August 1973, 53 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, Golden Age Foundation Inc reported income of $98k and spending of $211k, spending 216% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $267k to $98k (-63%), an average of -22% a year. The sharpest change came in the year to June 2022, when income rose by 852%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Age Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include End of the Runway Players ($98k), Little Miss Kickball International ($98k) and Friends of Madera Canyon ($98k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% of the total. At year end it held assets of $623k against liabilities of $0, net assets of $623k.