Goodpower Education Fund Inc

Analysis

Goodpower Education Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Goodpower Education Fund Inc reported income of $8.2m and spending of $10.2m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $8.2m (+259%), an average of +38% a year. The sharpest change came in the year to June 2020, when income rose by 76%. Over the whole period it spent 97% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Goodpower Education Fund Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Biodiversity ($8.2m), Breakthrough Energy Catalyst Foundation ($8.2m) and Mystic River Watershed Association Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $210k (2.1% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $1.9m against liabilities of $713k, net assets of $1.2m.