Goforth Recovery

Analysis

Goforth Recovery is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Goforth Recovery reported income of $606k and spending of $361k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $278k to $606k (+118%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goforth Recovery sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Black Parents United Foundation ($606k), Appleton Y M C a Endowment Trust ($606k) and Assistance League of Laguna Beach Calif ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $6,115 (1.7% of expenses). Other salaries and wages came to $101k. At year end it held assets of $721k against liabilities of $331k, net assets of $390k. It reported 5 employees.