Goodwill Industries of Metropolitan Chicago Inc

Analysis

Goodwill Industries of Metropolitan Chicago Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Metropolitan Chicago Inc reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.0m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwill Industries of Metropolitan Chicago Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Foundation for the Challenged ($2.0m), Silver & Black Give Back ($2.0m) and Community Art Center Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $871k. At year end it held assets of $830k against liabilities of $830k, net assets of $0. It reported 18 employees.