Goethe International Charter Schools

Analysis

Goethe International Charter Schools is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2008, 18 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, Goethe International Charter Schools reported income of $5.9m and spending of $5.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.9m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goethe International Charter Schools sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Watershed School Inc ($5.9m), Washington Interscholastic Activities Association ($5.9m) and Communities in Schools of El Paso Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $293k (5.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.9m against liabilities of $1.8m, net assets of $2.1m. It reported 52 employees.