Goodwill Industries of Kansas Inc

Analysis

Goodwill Industries of Kansas Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in November 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Goodwill Industries of Kansas Inc reported income of $28.7m and spending of $25.6m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $20.3m to $28.7m (+41%), an average of +9.0% a year. The sharpest change came in the year to August 2021, when income rose by 48%. Over the whole period it spent 84% 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 of Kansas 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 KS. Charities of a similar size with the same main cause include Gulf Coast Community Services Assn Inc ($28.6m), Champlain Valley Office of Economic Opportunity Inc ($29.0m) and Crawford Sebastian Community Development Council Inc ($28.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $401k (1.6% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $56.9m against liabilities of $5.5m, net assets of $51.4m. It reported 1,053 employees.