Goodwill Industries of Western Ny

Analysis

Goodwill Industries of Western Ny is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in September 1994, 32 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 December 2023, Goodwill Industries of Western Ny reported income of $21.1m and spending of $19.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.8m to $21.1m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwill Industries of Western Ny 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include International Refugee Assistance Project Inc ($21.0m), Pittsburgh Lifetime Care Community ($21.1m) and Trinity Youth Services ($21.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $527k (2.7% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $29.1m against liabilities of $15.2m, net assets of $13.9m. It reported 473 employees.