Gothic Corporation

Analysis

Gothic Corporation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 1993, 33 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 June 2023, Gothic Corporation reported income of $1.72bn and spending of $1.73bn, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.03bn to $1.72bn (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 115%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gothic Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Grand Canyon University ($1.69bn), Syracuse University ($1.74bn) and The Administrators of the Tulane Educational Fund ($1.67bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $8.37bn against liabilities of $0, net assets of $8.37bn.