Gosnold Inc

Analysis

Gosnold Inc is a registered charity in United States, based in Wareham, MA. It received its IRS tax-exemption ruling in November 1972, 54 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, Gosnold Inc reported income of $31.3m and spending of $31.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.9m to $31.3m (+4.5%), an average of +1.1% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gosnold Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Asian Vegetable Research and Development Center Asveg ($31.3m), LA Clinica de Los Campesinos Inc ($31.3m) and Fund for Public Schools Inc ($31.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.6m (5.2% of expenses). Other salaries and wages came to $17.8m. At year end it held assets of $25.6m against liabilities of $19.6m, net assets of $6.0m. It reported 493 employees.