United Mission of Goodwill Inc

Analysis

United Mission of Goodwill Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, 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, United Mission of Goodwill Inc reported income of $80k and spending of $76k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $13k to $80k (+533%), an average of +533% a year. The sharpest change came in the year to December 2023, when income rose by 533%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, United Mission of Goodwill Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Friends of the Joshua Tree ($80k), Stanislaus Asian American Community Resource ($80k) and National Black Business Support Corporation ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.