Goodwill Retail Services Inc

Analysis

Goodwill Retail Services Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Retail Services Inc reported income of $206.3m and spending of $212.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $171.2m to $206.3m (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Retail Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Pride Industries One Inc ($201.7m), Goodwill Industries of Central Texas ($206.7m) and Sourceamerica ($197.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $492k (0.2% of expenses). Other salaries and wages came to $81.3m. At year end it held assets of $142.9m against liabilities of $98.4m, net assets of $44.5m. It reported 7,715 employees.