Land of Lincoln Goodwill Industries Inc

Analysis

Land of Lincoln Goodwill Industries Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in April 1940, 86 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 June 2023, Land of Lincoln Goodwill Industries Inc reported income of $29.6m and spending of $29.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.3m to $29.6m (+4.6%), an average of +1.1% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Land of Lincoln Goodwill Industries 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 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Behavior Analyst Certification Board Inc ($29.5m), Invest Detroit Foundation ($29.6m) and Edison Welding Institute Inc ($29.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $182k (0.6% of expenses). At year end it held assets of $20.7m against liabilities of $14.6m, net assets of $6.0m. It reported 497 employees.