Youngstown Area Goodwill Industries Inc

Analysis

Youngstown Area Goodwill Industries Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in September 1942, 84 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, Youngstown Area Goodwill Industries Inc reported income of $10.2m and spending of $10.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $10.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Youngstown Area 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 Loretto Literary & Benevolent Institution ($10.2m), Discovery Institute ($10.2m) and Center for Technology and Civic Life ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $115k (1.1% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $8.9m against liabilities of $4.0m, net assets of $4.9m. It reported 501 employees.