Goodwill Recsue Mission Inc

Analysis

Goodwill Recsue Mission Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1942, 84 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 September 2023, Goodwill Recsue Mission Inc reported income of $498k and spending of $100k, leaving 80% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $498k (-66%), an average of -24% a year. The sharpest change came in the year to September 2021, when income dropped by 76%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwill Recsue Mission Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Tenleytown Main Street ($498k), Compassus Living Foundation Inc ($498k) and Vietnamese American Civic Association ($498k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $26k. It paid $2,624 in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $175k, net assets of $3.0m.