Goodwill Industries of Southern New Jersey

Analysis

Goodwill Industries of Southern New Jersey is a registered charity in United States, based in Maple Shade, NJ. It received its IRS tax-exemption ruling in January 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goodwill Industries of Southern New Jersey reported income of $66.9m and spending of $63.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.6m to $66.9m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 95% 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 Southern New Jersey sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Burning Man Project ($66.6m), Philadelphia Works Inc ($67.3m) and Goodwill of Central and Coastal Virginia Inc ($66.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $1.1m (1.8% of expenses). Other salaries and wages came to $29.1m. At year end it held assets of $70.7m against liabilities of $51.1m, net assets of $19.6m. It reported 1,694 employees.