Goodwill Industries of Northwest Ohio Inc

Analysis

Goodwill Industries of Northwest Ohio Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 1942, 84 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 Northwest Ohio Inc reported income of $18.0m and spending of $16.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.7m to $18.0m (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 94% 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 Northwest Ohio Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Philadelphia City Fund Inc ($18.0m), Bridgeway Capital Inc ($18.0m) and Partnership for Economic Innovation ($17.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $498k (3.0% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $23.4m against liabilities of $10.9m, net assets of $12.5m. It reported 785 employees.