Goodwill Industries Foundation of Central Iowa

Analysis

Goodwill Industries Foundation of Central Iowa is a registered charity in United States, based in Johnston, IA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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 Industries Foundation of Central Iowa reported income of $1.9m and spending of $7,552, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $1.9m (+1956%), an average of +113% a year. The sharpest change came in the year to December 2022, when income rose by 1106733%. Over the whole period it spent 12% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Industries Foundation of Central Iowa sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Brunswick Community College Foundation Inc ($1.9m), Vishwa Nirmala Dharma ($1.9m) and Operating Engineers Local 17 Training Fund ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.