NW Goldberg Cares

Analysis

NW Goldberg Cares is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2017, 9 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, NW Goldberg Cares reported income of $765k and spending of $333k, leaving 57% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $99k to $765k (+676%), an average of +98% a year. The sharpest change came in the year to June 2021, when income rose by 368%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NW Goldberg Cares sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Barn Lot Theatre ($765k), Arts & Business Council of Miami Inc ($765k) and Alliance Francaise of Atlanta Inc ($765k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (26% of expenses). Other salaries and wages came to $68k. At year end it held assets of $1.1m against liabilities of $44k, net assets of $1.1m. It reported 2 employees.