Goodwill Industries of Mid-Michigan Inc

Analysis

Goodwill Industries of Mid-Michigan Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in April 1947, 79 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, Goodwill Industries of Mid-Michigan Inc reported income of $34.5m and spending of $31.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.9m to $34.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 93% 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 Mid-Michigan 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 MI. Charities of a similar size with the same main cause include Cicp Foundation Inc ($34.4m), Fora Pathways Inc ($34.7m) and Center Industries Corporation ($34.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $563k (1.8% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $20.7m against liabilities of $6.4m, net assets of $14.2m. It reported 952 employees.