Goodwill Solutions Inc

Analysis

Goodwill Solutions Inc is a registered charity in United States, based in Johnston, IA. It received its IRS tax-exemption ruling in April 2000, 26 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 Solutions Inc reported income of $275k and spending of $525k, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $275k (-78%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Solutions Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Wake Forest Area Chamber Foundation ($275k), Reisterstown Improvement Association Inc ($275k) and Alta Good Deeds Foundation ($275k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $114k. At year end it held assets of $855k against liabilities of $0, net assets of $855k. It reported 17 employees.