Goodwill Industries International Inc

Analysis

Goodwill Industries International Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 1952, 74 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 International Inc reported income of $71.0m and spending of $67.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $60.9m to $71.0m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Goodwill Industries International Inc sits at the 100th 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 MD. Charities of a similar size with the same main cause include New York Edge Inc ($66.2m), American Youth Soccer Organization ($71.3m) and National Football League Foundation ($61.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $2.9m (4.3% of expenses). Other salaries and wages came to $14.4m. It paid $75k in professional fundraising fees. At year end it held assets of $67.2m against liabilities of $9.4m, net assets of $57.8m. It reported 193 employees.