Goddard Homestead Inc

Analysis

Goddard Homestead Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goddard Homestead Inc reported income of $3.9m and spending of $3.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.9m (+39%), an average of +8.5% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goddard Homestead Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Vindeket ($3.9m), Iredell County Partnership for Young Children ($3.9m) and T E S S a ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $123k (3.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $13.3m against liabilities of $7.8m, net assets of $5.4m. It reported 141 employees.