Goodwill Industries of St Clair County Inc

Analysis

Goodwill Industries of St Clair County Inc is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in November 1958, 68 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 September 2023, Goodwill Industries of St Clair County Inc reported income of $3.8m and spending of $2.8m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $3.8m (+50%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 49%. Over the whole period it spent 88% 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 St Clair County Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Dermatology Foundation ($3.8m), Kreider Services Foundation Inc ($3.8m) and Foundation for Advancing Science Technology Education ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $117k (4.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.3m against liabilities of $1.3m, net assets of $3.0m. It reported 175 employees.