Goodwill Industries of Delaware & Delaware County Inc

Analysis

Goodwill Industries of Delaware & Delaware County Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 1951, 75 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Goodwill Industries of Delaware & Delaware County Inc reported income of $57.3m and spending of $55.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45.4m to $57.3m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 96% 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 Delaware & Delaware County Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Serveminnesota ($56.6m), Indianapolis Foundation Inc ($58.5m) and Goodwill Industries of Central Ohio Inc ($56.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $707k (1.3% of expenses). Other salaries and wages came to $28.4m. At year end it held assets of $53.3m against liabilities of $26.1m, net assets of $27.2m. It reported 2,005 employees.