Goodwill Industries of South Central Ohio

Analysis

Goodwill Industries of South Central Ohio is a registered charity in United States, based in Chillicothe, OH. It received its IRS tax-exemption ruling in November 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, Goodwill Industries of South Central Ohio reported income of $11.8m and spending of $10.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $11.8m (+99%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Industries of South Central Ohio sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Aspyr ($11.8m), Goodwill Industries of Central Alabama Inc ($11.8m) and Operating Engineers Local 825 ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $221k (2.0% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $20.8m against liabilities of $14.8m, net assets of $6.0m. It reported 546 employees.