Guidewire Inc

Analysis

Guidewire Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in November 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Guidewire Inc reported income of $30.6m and spending of $28.8m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $21.4m to $30.6m (+43%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guidewire 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 Presbyterian Homes of Arden Hills Inc ($30.6m), Minnesota Masonic Home Care Center ($30.7m) and Coastal Bend Food Bank ($30.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $322k (1.1% of expenses). Other salaries and wages came to $19.2m. At year end it held assets of $31.9m against liabilities of $12.9m, net assets of $19.1m. It reported 551 employees.