Goodwill Education Initiatives Inc

Analysis

Goodwill Education Initiatives Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goodwill Education Initiatives Inc reported income of $34.5m and spending of $34.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.2m to $34.5m (+7.0%), an average of +1.7% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goodwill Education Initiatives 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 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Baker Charter Schools Organization ($34.5m), Marlborough School ($34.6m) and Boston Higashi School Inc ($34.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Other salaries and wages came to $18.2m. At year end it held assets of $31.6m against liabilities of $7.7m, net assets of $24.0m. It reported 456 employees.