Goodwill Industries of Northern Il & Wi Stateline Area Inc

Analysis

Goodwill Industries of Northern Il & Wi Stateline Area Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in August 1942, 84 years ago. 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 Industries of Northern Il & Wi Stateline Area Inc reported income of $45.3m and spending of $42.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.1m to $45.3m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Industries of Northern Il & Wi Stateline Area Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Catholic Charitable Bureau of the Archdiocese of Boston Inc ($45.1m), Catholic Charities of Dallas Inc ($45.3m) and Joni and Friends ($45.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $460k (1.1% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $36.2m against liabilities of $11.5m, net assets of $24.7m. It reported 1,234 employees.