Goodwill Excel Center Midsouth Inc

Analysis

Goodwill Excel Center Midsouth Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goodwill Excel Center Midsouth Inc reported income of $4.7m and spending of $4.2m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $4.7m (+27%), an average of +8.3% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goodwill Excel Center Midsouth Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Value Schools Foundation ($4.7m), Rocky Mountain Academy of Evergreen Inc ($4.7m) and Compass School ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.8m against liabilities of $4.4m, net assets of $3.4m. It reported 38 employees.