Goldey Beacom College Inc

Analysis

Goldey Beacom College Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1971, 55 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, Goldey Beacom College Inc reported income of $32.1m and spending of $26.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $41.2m to $32.1m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goldey Beacom College Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within DE. Charities of a similar size with the same main cause include Aspen Global Change Institute Inc ($32.1m), Episcopal School of Jacksonville Inc ($32.1m) and Gill St Bernards School ($32.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $1.3m (4.8% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $228.2m against liabilities of $20.9m, net assets of $207.4m. It reported 322 employees.