Goodwill Industries of South Central Wisconsin Inc

Analysis

Goodwill Industries of South Central Wisconsin Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1971, 55 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Industries of South Central Wisconsin Inc reported income of $42.8m and spending of $41.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.4m to $42.8m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 97% 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 South Central Wisconsin Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Brawley Community Foundation ($42.8m), Go-Hire Employment and Development ($43.2m) and New Orleans Physician Services Inc ($42.6m).

On its Form 990 for the period ending December 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 $322k (0.8% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $36.7m against liabilities of $22.2m, net assets of $14.5m. It reported 880 employees.