Goochlandcares Inc

Analysis

Goochlandcares Inc is a registered charity in United States, based in Goochland, VA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goochlandcares Inc reported income of $5.6m and spending of $6.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.6m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Goochlandcares Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Student Assistance Services Corporation ($5.6m), Community Drive Surgery PC ($5.6m) and Sobriety House Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $754k (12% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $13.0m against liabilities of $198k, net assets of $12.8m. It reported 53 employees.