Goodwin College Magnet Schools Inc

Analysis

Goodwin College Magnet Schools Inc is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in February 2016, 10 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, Goodwin College Magnet Schools Inc reported income of $20.7m and spending of $20.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.7m to $20.7m (+32%), an average of +7.1% 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, Goodwin College Magnet Schools Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include The Faison Center Inc ($20.7m), Vermont College of Fine Arts Inc ($20.7m) and Valley Christian Schools ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $7.4m against liabilities of $3.2m, net assets of $4.2m.