Goodtemps Inc

Analysis

Goodtemps Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Goodtemps Inc reported income of $6.9m and spending of $7.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $6.9m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodtemps Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Gtia Foundation Inc ($6.8m), Community Workforce Solutions Inc ($6.9m) and The Shirley Ware Education Center Health Care Workers Union Local ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $695k against liabilities of $18k, net assets of $677k. It reported 711 employees.