Goodwill Vision Enterprises Inc

Analysis

Goodwill Vision Enterprises Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 1953, 73 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 March 2023, Goodwill Vision Enterprises Inc reported income of $15.3m and spending of $16.0m, spending 105% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $17.8m to $15.3m (-14%), an average of -4.8% a year. The sharpest change came in the year to March 2021, when income dropped by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Vision Enterprises Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Integrated Refugee & Immigrant Services Inc ($15.3m), Northeast Bronx Day Care Center Inc ($15.3m) and Stevens Cooperative School ($15.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 5.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $251k (1.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $41.0m against liabilities of $23.7m, net assets of $17.3m. It reported 125 employees.