Missouri Goodwill Industries

Analysis

Missouri Goodwill Industries is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 1938, 88 years ago. 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, Missouri Goodwill Industries reported income of $962k and spending of $1.4m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $962k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Missouri Goodwill Industries sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Nebraska Communities Playhouse ($962k), Florida Academy of Family Physicians Foundation Inc ($963k) and Hip Society ($962k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $681k. At year end it held assets of $108k against liabilities of $3.2m, net assets of -$3.1m. It reported 70 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.