Golden Age Inc

Analysis

Golden Age Inc is a registered charity in United States, based in Greenwood, MS. It received its IRS tax-exemption ruling in December 1961, 65 years ago. 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 December 2023, Golden Age Inc reported income of $11.4m and spending of $9.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.0m to $11.4m (-13%), an average of -3.3% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Age 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 95th percentile, and in the 96th percentile within MS. Charities of a similar size with the same main cause include Alliance Health Services ($11.4m), St Francis Research and Educational Corporation ($11.4m) and International Swaminarayan Satsang Organization ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $16.0m against liabilities of $933k, net assets of $15.1m. It reported 224 employees.