Joseph Gomoll Foundation Inc

Analysis

Joseph Gomoll Foundation Inc is a registered charity in United States, based in Sun Prairie, WI. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joseph Gomoll Foundation Inc reported income of $169k and spending of $122k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $169k (+160%), an average of +160% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 122% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joseph Gomoll Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include Rose Giving Inc ($169k), CMH Fashion Week Inc ($169k) and De Marchena-Huyke Foundation ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 141% of the total. At year end it held assets of $143k against liabilities of $7,139, net assets of $136k.