Goodwill of Southwestern Pennsylvania

Analysis

Goodwill of Southwestern Pennsylvania is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 1976, 50 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 of Southwestern Pennsylvania reported income of $74.1m and spending of $70.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $59.0m to $74.1m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill of Southwestern Pennsylvania 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 PA. Charities of a similar size with the same main cause include Worksource Greater Austin Area Workforce Board ($72.0m), Kennedy Krieger Education and Community Services Inc ($74.4m) and Workforce Solutions Borderplex Inc ($71.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.2m (1.7% of expenses). Other salaries and wages came to $24.0m. At year end it held assets of $86.4m against liabilities of $60.6m, net assets of $25.9m. It reported 2,006 employees.