GOLD HOUSE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

GOLD HOUSE FOUNDATION INC

EIN 83-3636419 · Centers to Support the Independence of Specific Populations (P80)

What they do

GOLD HOUSE is THE LEADING CULTURAL ECOSYSTEM THAT UNITES, INVESTS IN, and CHAMPIONS ASIAN PACIFIC LEADERS to POWER TOMORROW for ALL. AS A NON-PROFIT COLLECTIVE of DIVERSE LEADERS, WE FORGE MEANINGFUL RELATIONSHIPS and BUILD PROGRAMS to ADVANCE ASIAN PACIFIC CULTURES and PROPEL ALL COMMUNITIES to HAVE MORE AUTHENTIC, MORE SUCCESSFUL, and HEALTHIER LIVES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

83.21%of revenue went to mission work78.4% of expenses · Program services

8.45%of revenue went to fundraising8.0% of expenses

$106.15spent for every $100 of revenueSpending was higher than revenue this year.

14.49%of revenue went to management and office costs13.6% of expenses

$0.60in assets for every $1 spent this yearSome assets cannot be spent right away.

49.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $558,585 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $367,814 for SPENCER HWA-BING CHEN (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,088,934

Mission workProgram services$7,563,14683.21% of revenue78.4% of expenses

ManagementOffice and general costs$1,316,55014.49% of revenue13.6% of expenses

FundraisingAsking for donations$767,8238.45% of revenue8.0% of expenses

Total expenses$9,647,519106.15% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.4% mission · 13.6% management · 8.0% fundraisingTotal expenses: 106.15% of revenue

2023Expense mix: 82.0% mission · 13.2% management · 4.8% fundraisingTotal expenses: 93.55% of revenue

2022Expense mix: 65.2% mission · 22.1% management · 12.7% fundraisingTotal expenses: 57.36% of revenue

2021Expense mix: 60.6% mission · 23.8% management · 15.6% fundraisingTotal expenses: 49.28% of revenue

2020Expense mix: 79.5% mission · 15.9% management · 4.6% fundraisingTotal expenses: 37.86% of revenue

2019Expense mix: 93.3% mission · 6.6% management · 0.1% fundraisingTotal expenses: 92.11% of revenue

Money in and money out

Revenue$9,088,934

Expenses$9,647,519

Annual shortfall $558,585 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$7,563,146 · 78.4% of expenses

Management and office costs$1,316,550 · 13.6% of expenses

Fundraising$767,823 · 8.0% of expenses

See all reported dollar amounts

Revenue$9,088,934

Expenses$9,647,519

Assets$5,781,308

Income$9,088,934

Contributions$4,522,441

Mission work (program services)$7,563,146

Fundraising$767,823

Grants given$695,000

Average grant$46,333

Management and general$1,316,550

Stocks and bonds$2,789,348

Accounting fees$21,500

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SPENCER HWA-BING CHENPRESIDENT · 60 hrs/week $367,814

JEREMY TRANEXEC DIR/SEC · 60 hrs/week $307,869

BEN CHUTREASURER · 60 hrs/week $249,492

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

SPENCER HWA-BING CHENPRESIDENT

JEREMY TRANEXEC DIR/SEC

BEN CHUTREASURER

AGNES CHUBOARD OF DIR

DANIEL DAE KIMBOARD OF DIR

HELEN LINBOARD OF DIR

JANET YANGBOARD OF DIR

KEVIN NISHIMURABOARD OF DIR

KEVIN MAXWELL LINBOARD OF DIR

MICHELLE LEEBOARD OF DIR

PATRICK LEEBOARD OF DIR

PRABAL GURUNGBOARD OF DIR

SANJAY SHARMABOARD OF DI

About this charity

Recognized since: January 2019
Location: 440 N BARRANCA AVE 5118, COVINA, CA 91723
County: Los Angeles
In care of: BEN CHU
Primary officer: BEN CHU, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(818) 850-3870 Officer phone(404) 543-1718

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: RESJ PC
NTEE classification: Centers to Support the Independence of Specific Populations (P80)
IRS tax category: Centers to Support the Independence of Specific Populations
Grant-giving organization: Yes