Friends of the Goethe Academy

Analysis

Friends of the Goethe Academy is a registered charity in United States, based in Oregon House, CA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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, Friends of the Goethe Academy reported income of $263k and spending of $295k, spending 112% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $230k to $263k (+14%), an average of +6.8% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Goethe Academy sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include The Foundation of St Marys Hospital at Amsterdam Inc ($263k), The Vance Life Saving and Rescue Squad Incorporated ($263k) and PTA Colorado Congress ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $26k (8.8% of expenses). Other salaries and wages came to $47k. At year end it held assets of $191k against liabilities of $350, net assets of $191k.