Goodwood Museum and Gardens Inc

Analysis

Goodwood Museum and Gardens Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Goodwood Museum and Gardens Inc reported income of $562k and spending of $613k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $663k to $562k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Goodwood Museum and Gardens Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Chestnut Hill Conservancy ($562k), Jazz Education Network ($562k) and Sounds Good Choir NFP ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $54k (8.8% of expenses). Other salaries and wages came to $98k. At year end it held assets of $7.2m against liabilities of $1.2m, net assets of $6.0m. It reported 19 employees.