Licking Knox Goodwill Industries Inc

Analysis

Licking Knox Goodwill Industries Inc is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in January 1978, 48 years ago. 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, Licking Knox Goodwill Industries Inc reported income of $9.6m and spending of $7.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.5m to $9.6m (-16%), an average of -4.3% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Licking Knox Goodwill Industries 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 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Community Day School ($9.6m), Klingberg Family Centers Inc ($9.6m) and The Gregory School ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $619k (7.9% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $31.0m against liabilities of $1.7m, net assets of $29.3m. It reported 424 employees.