Goddard College Corporation

Analysis

Goddard College Corporation is a registered charity in United States, based in Plainfield, VT. It received its IRS tax-exemption ruling in January 1940, 86 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, Goddard College Corporation reported income of $7.4m and spending of $7.8m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.7m to $7.4m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goddard College Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VT. Charities of a similar size with the same main cause include Booker T Washington Academy ($7.4m), Roxboro Community School Inc ($7.4m) and Monterey Bay Charter School ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $458k (5.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $8.8m against liabilities of $2.7m, net assets of $6.1m. It reported 157 employees.