Goodwill Industries of Erie Huron Ottawa & Sandusky Counties Inc

Analysis

Goodwill Industries of Erie Huron Ottawa & Sandusky Counties Inc is a registered charity in United States, based in Sandusky, OH. It received its IRS tax-exemption ruling in July 1973, 53 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, Goodwill Industries of Erie Huron Ottawa & Sandusky Counties Inc reported income of $12.0m and spending of $11.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $12.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 94% 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 Erie Huron Ottawa & Sandusky Counties Inc 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 Evansville Christian School Inc ($12.0m), Harborcreek Youth Services ($12.0m) and Foundation 2 Inc ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $176k (1.5% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $19.3m against liabilities of $9.4m, net assets of $9.9m. It reported 935 employees.