Goodwill Industries Inc

Analysis

Goodwill Industries Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 1939, 87 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, Goodwill Industries Inc reported income of $33.9m and spending of $30.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.1m to $33.9m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Industries Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include Goodwill Southern Los Angeles County ($33.6m), International Foundation of Employee Benefit Plans Inc ($34.2m) and National Council for Community Development Inc ($33.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $813k (2.6% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $70.3m against liabilities of $27.0m, net assets of $43.3m. It reported 1,222 employees.