Although several stars were already known to vary in apparent magnitude, Goodricke was the first to propose a mechanism to account for this. He suggested that Algol is what is now known as an eclipsing binary. He presented his findings to the Royal Society in May 1783, and for this work, the Society awarded him the Copley Medal for that year. He was elected a Fellow of the Royal Society on 16 April 1786. He never learned of this honour however, as he died four days later from pneumonia. He never married.