Gould Academy

Analysis

Gould Academy is a registered charity in United States, based in Bethel, ME. It received its IRS tax-exemption ruling in October 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gould Academy reported income of $16.4m and spending of $19.7m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.9m to $16.4m (+3.0%), an average of +0.7% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gould Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include North Carolina Veterinary Medical Foundation Inc ($16.4m), Franklin Academy Inc ($16.4m) and Mastery Charter School - Smedley Elementary ($16.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $523k (2.6% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $43.9m against liabilities of $6.8m, net assets of $37.1m. It reported 166 employees.