Gothic Corporation
100% goes to programs $0 to raise $100 Strong reserves Declining revenue
Gothic Corporation is a 501(c)(3) organization based in Durham, North Carolina, registered in 1993, with $1,766,141,866 in FY2023 revenue. CharityIndex grades it C+, and it directs about 100% of spending to programs.
280 S Mangum St Ste 210, Durham, NC, 27701 EIN 56-1776668 Since 1993
Revenue (FY2023)
$1.8B
▲ 2.7% vs prior year
Education median: $200K
Expenses (FY2023)
$1.9B
Net assets
$8.2B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Gothic Corporation: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating52 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gothic Corporation: 52 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
DGovernance25% of the rating1 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Gothic Corporation: 1 of 6 checks met earns a D on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gothic Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o for organization's mission statement
Contact & location
- Address
- 280 S Mangum St Ste 210, Durham, NC, 27701
- City
- Durham
- State
- North Carolina
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $2.0B (FY2016) to $1.8B (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $8.2B
Operating margin
-7.6%
Spent more than it raised in the latest fiscal year.
Total assets
$8.2B
Total liabilities
$0
Net assets
$8.2B
Salaries & benefits
$0
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,766,141,866▲2.7% | $1,899,836,785▲10.0% | $8,237,275,357▼1.6% | $8,237,275,357▼1.6% | 990 |
| 2022 | $1,719,200,107▼38.6% | $1,727,014,620▼17.7% | $8,367,573,592▲0.8% | $8,367,573,592▲0.8% | 990 |
| 2021 | $2,800,188,275▼23.0% | $2,099,208,871▼25.6% | $8,303,858,742▲7.8% | $8,303,858,742▲7.8% | 990 |
| 2020 | $3,637,528,663▲115% | $2,821,034,990▲57.0% | $7,701,771,968▲1.5% | $7,701,771,968▲1.5% | 990 |
| 2019 | $1,688,560,138▼16.9% | $1,797,143,211▼11.4% | $7,591,393,057▼0.2% | $7,591,393,057▼0.2% | 990 |
| 2018 | $2,032,262,996▼4.5% | $2,027,260,496▲7.4% | $7,609,680,910▲0.8% | $7,610,319,557▲0.8% | 990 |
| 2017 | $2,127,176,067▲8.2% | $1,888,422,139▼4.8% | $7,552,285,033▲9.7% | $7,552,285,033▲9.7% | 990 |
| 2016 | $1,966,555,640 | $1,984,049,568 | $6,882,017,584 | $6,882,017,584 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jannine M Lall | Director/treasurer | 0.1 | — |
| Neal F Triplett | Director/president | 0.1 | — |
| Robert Mcgrail | Director/secretary | 0.1 | — |
Grants made · $1.4B in FY2023
1 grant totaling $1.4B in FY2023. All grants made by Gothic Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Duke University | Support | $1,427,503,584 |
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Frequently asked questions
- Is Gothic Corporation a legitimate nonprofit?
- Yes. Gothic Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1776668, based in Durham, North Carolina. Donations are tax-deductible.
- What is Gothic Corporation's EIN?
- Gothic Corporation's Employer Identification Number (EIN) is 56-1776668.
- How much revenue does Gothic Corporation report?
- Gothic Corporation reported $1,766,141,866 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Gothic Corporation's spending goes to programs?
- Gothic Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Gothic Corporation have?
- CharityIndex grades Gothic Corporation C+, based on program efficiency and fundraising cost.
- How much does Gothic Corporation's highest-paid employee make?
- The highest reported compensation on Gothic Corporation's latest Form 990 is $0, paid to Jannine M Lall (Director/treasurer).
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Data for Gothic Corporation (EIN 56-1776668) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.