Goodwill Industries of Northern Wisconsin & Upper Michigan Inc

Analysis

Goodwill Industries of Northern Wisconsin & Upper Michigan Inc is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in March 1968, 58 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 Northern Wisconsin & Upper Michigan Inc reported income of $9.2m and spending of $8.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $9.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. 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 Northern Wisconsin & Upper Michigan Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Work Training Center for the Handicapped Inc ($9.2m), Greene Lamp Incorporated ($9.2m) and Skills for Rhode Islands Future ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $275k (3.3% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $10.5m against liabilities of $6.7m, net assets of $3.8m. It reported 323 employees.