Goodfellows of Kokomo Inc

Analysis

Goodfellows of Kokomo Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Goodfellows of Kokomo Inc reported income of $249k and spending of $265k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $133k to $249k (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodfellows of Kokomo Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IN. Charities of a similar size with the same main cause include A Servants Heart ($249k), Familybuilding Foundation ($249k) and New Way Global ($249k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.