Goodwill Theatre Inc

Analysis

Goodwill Theatre Inc is a registered charity in United States, based in Johnson City, NY. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Goodwill Theatre Inc reported income of $959k and spending of $829k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $798k to $959k (+20%), an average of +4.7% a year. The sharpest change came in the year to August 2021, when income rose by 123%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Goodwill Theatre Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Torn Space Theater Inc ($959k), Community Capital Fund ($959k) and Houston Youth Symphony ($959k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $108k (13% of expenses). Other salaries and wages came to $151k. At year end it held assets of $5.4m against liabilities of $2.0m, net assets of $3.4m. It reported 9 employees.