Friends of Goethe Inc

Analysis

Friends of Goethe Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Goethe Inc reported income of $691k and spending of $896k, spending 130% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $482k to $691k (+43%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Goethe Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Citadel Theatre Company ($691k), Mens Health Network ($691k) and Cultureverse ($691k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $100k (11% of expenses). Other salaries and wages came to $305k. At year end it held assets of $395k against liabilities of $235k, net assets of $161k. It reported 27 employees.