Wabash Valley Goodwill Industries

Analysis

Wabash Valley Goodwill Industries is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in September 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, Wabash Valley Goodwill Industries reported income of $7.6m and spending of $7.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.6m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wabash Valley Goodwill Industries sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Blue Water Community Action ($7.6m), LA Cocina Inc ($7.6m) and Workshops for Warriors Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $185k (2.5% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $13.1m against liabilities of $2.7m, net assets of $10.4m. It reported 444 employees.