Goodwill Legacy Group Foundation Inc

Analysis

Goodwill Legacy Group Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1972, 54 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 December 2023, Goodwill Legacy Group Foundation Inc reported income of $9.2m and spending of $8.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $9.2m (+159%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 652%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Legacy Group Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include University Circle Incorporated ($9.2m), Skills for Rhode Islands Future ($9.2m) and African American Alliance of Cdfi Ceos Inc ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $372k. At year end it held assets of $71.6m against liabilities of $3.1m, net assets of $68.5m.