William H and Carrie Gottsche Foundation

Analysis

William H and Carrie Gottsche Foundation is a registered charity in United States, based in Thermopolis, WY. It received its IRS tax-exemption ruling in July 1961, 65 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, William H and Carrie Gottsche Foundation reported income of $4.6m and spending of $4.9m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.3m to $4.6m (+5.7%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, William H and Carrie Gottsche Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within WY. Charities of a similar size with the same main cause include School of Government Foundation Inc ($4.6m), Volosov Family Foundation ($4.6m) and Nevada H a N D Inc ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $215k (4.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $16.1m against liabilities of $3.5m, net assets of $12.5m. It reported 64 employees.