Cincinnati Goodwill Work Services Inc

Analysis

Cincinnati Goodwill Work Services Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 2011, 15 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 (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, Cincinnati Goodwill Work Services Inc reported income of $2.4m and spending of $2.5m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $94k to $2.4m (+2434%), an average of +194% a year. The sharpest change came in the year to December 2021, when income rose by 1608%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cincinnati Goodwill Work Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Border TM Industries Inc ($2.4m), Middle Georgia Consortium Inc ($2.4m) and SC Vocations & Individual Advancement ($2.4m).

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 $1.1m. At year end it held assets of $1.1m against liabilities of $51k, net assets of $1.1m. It reported 76 employees.