Good Will Home Association

Analysis

Good Will Home Association is a registered charity in United States, based in Hinckley, ME. It received its IRS tax-exemption ruling in May 1940, 86 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 June 2023, Good Will Home Association reported income of $6.6m and spending of $6.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.2m to $6.6m (-35%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Will Home Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include CCH Individualized Support Services Inc ($6.6m), Jewish Family Services ($6.6m) and Local Media Foundation ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $455k (6.9% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $24.8m against liabilities of $1.0m, net assets of $23.8m. It reported 88 employees.