Marion Goodwill Industries Inc

Analysis

Marion Goodwill Industries Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in December 1977, 49 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, Marion Goodwill Industries Inc reported income of $17.2m and spending of $15.3m, spending 89% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $19.1m to $17.2m (-9.9%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marion Goodwill Industries Inc 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 97th percentile within OH. Charities of a similar size with the same main cause include Neighborhood Development Services Inc ($17.2m), RVC Seattle ($17.2m) and Galt Foundation ($17.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $289k (1.9% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $25.2m against liabilities of $4.2m, net assets of $21.0m. It reported 1,398 employees.