Goering Center for Family Private Business

Analysis

Goering Center for Family Private Business is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goering Center for Family Private Business reported income of $1.7m and spending of $1.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.7m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goering Center for Family Private Business sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Fury Legacy Fund Inc ($1.7m), Erath Excels Academy Inc ($1.7m) and The Maine Heritage Policy Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $150k (10% of expenses). Other salaries and wages came to $558k. At year end it held assets of $1.8m against liabilities of $101k, net assets of $1.7m. It reported 16 employees.