Goodwill Industries of Northeastern Pa

Analysis

Goodwill Industries of Northeastern Pa is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in March 1948, 78 years ago. 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 Northeastern Pa reported income of $20.6m and spending of $19.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $20.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Industries of Northeastern Pa sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Food for Lane County ($20.6m), Rawhide Inc ($20.6m) and Pesach Tikvah-Hope Development Inc ($20.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $437k (2.3% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $5.3m against liabilities of $1.9m, net assets of $3.4m. It reported 594 employees.