Golden Age Senior Citizens

Analysis

Golden Age Senior Citizens is a registered charity in United States, based in Xenia, OH. It received its IRS tax-exemption ruling in April 1976, 50 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 December 2023, Golden Age Senior Citizens reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Age Senior Citizens sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Housing and Neighborhood Development Services Inc ($2.0m), Tamassee Hope Village Inc ($2.0m) and Los Padres Forest Association Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $127k (7.0% of expenses). Other salaries and wages came to $846k. At year end it held assets of $2.3m against liabilities of $1.1m, net assets of $1.2m. It reported 69 employees.