Goodwills Green Works Inc

Analysis

Goodwills Green Works Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwills Green Works Inc reported income of $7.7m and spending of $6.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $7.7m (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwills Green Works 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 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Renaissance Entrepreneurship Center ($7.7m), Trenton Business Assistance Corporation ($7.7m) and Point Programs Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $505k (7.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $9.0m against liabilities of $6.9m, net assets of $2.1m. It reported 225 employees.