Gooru

Analysis

Gooru is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Gooru reported income of $2.7m and spending of $2.6m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.7m to $2.7m (+58%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gooru sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include The Aquinas Institute Foundation Inc ($2.7m), Jones-Gordon Foundation ($2.7m) and Mde School of East Cobb Inc ($2.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $403k (16% of expenses). Other salaries and wages came to $226k. At year end it held assets of $2.3m against liabilities of $1.1m, net assets of $1.3m. It reported 7 employees.