Goodwin Foundation Inc

Analysis

Goodwin Foundation Inc is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Goodwin Foundation Inc reported income of $2.7m and spending of $835k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $984k to $2.7m (+177%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 85%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goodwin Foundation Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Orinda Academy ($2.7m), Arkansas Oklahoma Regional Education & Promotion Assn Inc ($2.7m) and Committee for Catholic Secondary Education in Colorado Springs ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $15.0m against liabilities of $3.2m, net assets of $11.8m.