Goodwill Industries of Greater Cleveland and E Central Ohio Inc

Analysis

Goodwill Industries of Greater Cleveland and E Central Ohio Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in December 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Industries of Greater Cleveland and E Central Ohio Inc reported income of $49.5m and spending of $47.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.4m to $49.5m (+29%), an average of +6.6% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Industries of Greater Cleveland and E Central Ohio Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Path Inc ($49.4m), Buckley School ($49.5m) and The Educational Alliance Inc ($49.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $609k (1.3% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $59.0m against liabilities of $25.9m, net assets of $33.1m. It reported 1,715 employees.