Evansville Goodwill Industries Inc

Analysis

Evansville Goodwill Industries Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in July 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 (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, Evansville Goodwill Industries Inc reported income of $18.6m and spending of $14.9m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.2m to $18.6m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Evansville Goodwill Industries 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 IN. Charities of a similar size with the same main cause include American Planning Association ($18.6m), Employ Milwaukee Inc ($18.6m) and Pearl River Valley Opportunity Inc ($18.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $701k (4.7% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $37.5m against liabilities of $1.8m, net assets of $35.7m. It reported 838 employees.