Goshen College Inc

Analysis

Goshen College Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goshen College Inc reported income of $48.8m and spending of $49.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.8m to $48.8m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goshen College Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Milligan University ($48.7m), Scope Education Services ($48.8m) and Old Dominion Land Conservancy Inc ($48.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $564k (1.1% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $207.2m against liabilities of $20.6m, net assets of $186.6m. It reported 778 employees.