William J Gould Associates Inc

Analysis

William J Gould Associates Inc is a registered charity in United States, based in Monterey, MA. It received its IRS tax-exemption ruling in November 1935, 91 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, William J Gould Associates Inc reported income of $5.9m and spending of $5.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $5.9m (+126%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 100%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William J Gould Associates Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Electrical Workers Joint Apprentice and Training Trust Fund ($5.9m), Riverdale Mental Health Association Inc ($5.9m) and N J State Interscholastic Athletic Association ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $127k (2.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $13.4m against liabilities of $2.0m, net assets of $11.4m. It reported 93 employees.