Chinese-American Golden Age Association

Analysis

Chinese-American Golden Age Association is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in June 1976, 50 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Chinese-American Golden Age Association reported income of $2.8m and spending of $2.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.8m (+90%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chinese-American Golden Age Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Greenhouse E3 ($2.8m), Urban Communities Preservation Housing Corp ($2.8m) and 3keys Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 19% of the total. At year end it held assets of $25.3m against liabilities of $18.5m, net assets of $6.8m.