Goodwill Industries of the Berkshires and Southern Vermont in

Analysis

Goodwill Industries of the Berkshires and Southern Vermont in is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in October 1971, 55 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 June 2024, Goodwill Industries of the Berkshires and Southern Vermont in reported income of $7.2m and spending of $7.5m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.5m to $7.2m (+108%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Industries of the Berkshires and Southern Vermont in sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Westside Atlanta Charter School Inc ($7.2m), Real Colorado Soccer ($7.2m) and Kentucky Science and Technology Corporation ($7.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $139k (1.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $9.3m against liabilities of $8.0m, net assets of $1.4m. It reported 283 employees.