Fern Goff Charitable Trust

Analysis

Fern Goff Charitable Trust is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Fern Goff Charitable Trust reported income of $418k and spending of $374k, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $367k to $418k (+14%), an average of +3.3% a year. The sharpest change came in the year to August 2022, when income rose by 34%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fern Goff Charitable Trust sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Masters Heart Ministries ($418k), Zaching Against Cancer Foundation Inc ($418k) and Community Assistance League Incorporated ($418k).

Compensation of current officers, directors and key employees was $73k (20% of expenses). At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.