Goodwill Retail Services

Analysis

Goodwill Retail Services is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Retail Services reported income of $53.9m and spending of $53.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41.2m to $53.9m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 100% 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 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Goodwill of Western and Northern Connecticut Inc ($53.9m), Relay Resources ($54.7m) and Arrow Child & Family Ministries ($53.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $360k (0.7% of expenses). Other salaries and wages came to $46.9m. At year end it held assets of $9.9m against liabilities of $9.9m, net assets of $0. It reported 2,860 employees.