Goodwill Legacy Group Inc

Analysis

Goodwill Legacy Group Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1945, 81 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, Goodwill Legacy Group Inc reported income of $181.6m and spending of $172.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $123.6m to $181.6m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Legacy Group Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Goodwill of North Georgia Inc ($179.6m), Sourceamerica ($197.5m) and Goodwill Industries of South Florida Inc ($178.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.7m (1.0% of expenses). Other salaries and wages came to $90.9m. At year end it held assets of $178.0m against liabilities of $103.6m, net assets of $74.4m. It reported 8,765 employees.