Goodwill Industries of the Valley Works

Analysis

Goodwill Industries of the Valley Works is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Industries of the Valley Works reported income of $105.5m and spending of $105.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82.0m to $105.5m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwill Industries of the Valley Works 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 VA. Charities of a similar size with the same main cause include Chimes District of Columbia Inc ($105.5m), Lifespire Inc ($105.7m) and Kidango Inc ($105.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $343k (0.3% of expenses). Other salaries and wages came to $22.3m. At year end it held assets of $36.8m against liabilities of $18.2m, net assets of $18.5m. It reported 1,514 employees.