Gulfstream Goodwill Career Academy

Analysis

Gulfstream Goodwill Career Academy is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in January 2005, 21 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, Gulfstream Goodwill Career Academy reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.3m (+11%), an average of +3.5% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gulfstream Goodwill Career Academy sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Don Jordahl Youth Enhancement ($1.3m), Hess Academy Inc ($1.3m) and Gathering Place Christian Academy ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.5% of the total. Other salaries and wages came to $620k. At year end it held assets of $267k against liabilities of $343k, net assets of -$76k. It reported 4 employees.