GREATER BOSTON CHINESE GOLDEN AGE CENTER INC

BOSTON, MA, 02111-1906 (617) 357-0226 Est. 1972 EIN 23-7181452

P81Z— Human Services Form 990 501(c)(3)

WWW.GBCGAC.ORG

Mission

TO PROMOTE THE GENERAL WELFARE AND INDEPENDENCE OF ASIAN ELDERS VIA A NETWORK OF CULTURALLY SENSITIVE AND LINGUISTICALLY APPROPRIATE PROGRAMS AND SERVICES.

Financials

Total Revenue

$14,626,488

Total Expenses

$12,085,595

Net Assets

$15,297,066

197 employees 242 volunteers

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

15.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 2.4%

Expenses ↑ 1.9%

Revenue Sources

Contributions 79.1% Earned revenue 18.3% Investment 2.6%

Expense Breakdown

Program 94.6% Management 5.4%

Officers & Key Employees (15)

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Grants Received (194)

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Filing History (8 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$14,626,488 ↑	$12,085,595	$15,297,066
2022 Form 990	$14,288,809	$11,865,147	$11,840,870
2022 Form 990	$14,288,809 ↑	$11,865,148	$11,840,869
2021 Form 990	$12,906,257	$11,612,118	$8,579,771
2021 Form 990	$12,906,257 ↑	$11,612,118	$8,579,771
2020 Form 990	$11,927,313 ↑	$10,850,591	$8,054,495
2019 Form 990	$10,771,651 ↑	$10,476,202	$5,812,250
2017 Form 990	$8,979,360	$8,606,893	$5,445,996