Goodwill Association of Michigan

Analysis

Goodwill Association of Michigan is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in November 2003, 23 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 Association of Michigan reported income of $50k and spending of $29k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $50k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwill Association of Michigan sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within MI. Charities of a similar size with the same main cause include Helping Hand Ministries Inc ($50k), Nora Sandig Children Foundation Inc ($50k) and Celebrate Forever Foundation ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.