Doctors Goodwill Foundation Inc

Analysis

Doctors Goodwill Foundation Inc is a registered charity in United States, based in Wesley Chapel, FL. It received its IRS tax-exemption ruling in January 2006, 20 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, Doctors Goodwill Foundation Inc reported income of $1.0m and spending of $1.0m, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.7m to $1.0m (-62%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Doctors Goodwill Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Childrens Center Inc ($1.0m), Heartline Ministries ($1.0m) and Carjan Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $53k (5.1% of expenses). At year end it held assets of $231k against liabilities of $29k, net assets of $202k. It reported 1 employees.