Guided by Goats Inc

Analysis

Guided by Goats Inc is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Guided by Goats Inc reported income of $58k and spending of $54k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,916 to $58k (+1879%), an average of +1879% a year. The sharpest change came in the year to December 2023, when income rose by 1879%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guided by Goats Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include Lanesboro Development Corporation ($58k), The Welcome Project Inc ($58k) and Angel Names Association ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. At year end it held assets of $6,869 against liabilities of $0, net assets of $6,869.