Goodwill Industries of Lubbock Contract Services Inc

Analysis

Goodwill Industries of Lubbock Contract Services Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in September 2007, 19 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, Goodwill Industries of Lubbock Contract Services Inc reported income of $717k and spending of $716k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $600k to $717k (+19%), an average of +4.5% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Industries of Lubbock Contract Services Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Consortium for Ongoing Reinvestment Efforts ($717k), Lindsay Area Development ($717k) and Philadelphia Student Union ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Other salaries and wages came to $422k. At year end it held assets of $150k against liabilities of $28k, net assets of $122k. It reported 29 employees.