Goodwill Industries of Northeast Indiana Inc

Analysis

Goodwill Industries of Northeast Indiana Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in June 1994, 32 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 Northeast Indiana Inc reported income of $12.9m and spending of $13.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.0m to $12.9m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 100% 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 Northeast Indiana Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Goodwill Industries of North Louisiana Inc ($12.9m), Goodwill Industries of Southwestern Michigan Inc ($12.9m) and West Alabama Regional Commission ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $127k (0.9% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $11.2m against liabilities of $6.7m, net assets of $4.5m. It reported 372 employees.