Goddard Riverside Community Center

Analysis

Goddard Riverside Community Center is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1959, 67 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, Goddard Riverside Community Center reported income of $31.4m and spending of $35.1m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.1m to $31.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2020, when income rose by 268%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goddard Riverside Community Center 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 NY. Charities of a similar size with the same main cause include College Foundation Inc ($31.4m), Hewitt School ($31.4m) and X Prize Foundation Inc ($31.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $2.1m (5.9% of expenses). Other salaries and wages came to $16.9m. It paid $294k in professional fundraising fees. At year end it held assets of $111.1m against liabilities of $20.9m, net assets of $90.1m. It reported 684 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.