Goodnow Library Foundation Inc

Analysis

Goodnow Library Foundation Inc is a registered charity in United States, based in Sudbury, MA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodnow Library Foundation Inc reported income of $123k and spending of $126k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $123k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goodnow Library Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Books for STL Kids ($123k), Parent Booster USA Inc ($123k) and Rivendell Study Center Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 0.3% of the total. At year end it held assets of $658k against liabilities of $1,158, net assets of $657k. It reported 2 employees.