Goodwin University Inc

Analysis

Goodwin University Inc is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goodwin University Inc reported income of $65.6m and spending of $73.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $72.7m to $65.6m (-9.8%), an average of -2.5% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goodwin University Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Thomas More University Inc ($65.6m), Kipp Cooper Norcross a New Jersey Nonprofit Corporation ($65.6m) and Pacific Coast Academy ($65.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.1m (1.5% of expenses). Other salaries and wages came to $26.6m. At year end it held assets of $311.7m against liabilities of $57.8m, net assets of $253.9m. It reported 700 employees.