Goodenough Community

Analysis

Goodenough Community is a registered charity in United States, based in Tahuya, WA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 August 2023, Goodenough Community reported income of $248k and spending of $273k, spending 110% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $116k to $248k (+113%), an average of +113% a year. The sharpest change came in the year to August 2023, when income rose by 113%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodenough Community sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Arc of Iowa ($248k), Hickory Choral Society Inc ($248k) and Cannon Beach Arts Association Incorporated ($247k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 60% of the total. Other salaries and wages came to $35k. At year end it held assets of $514k against liabilities of $561k, net assets of -$46k. It reported 2 employees.