Goodwin House Incorporated

Analysis

Goodwin House Incorporated is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in December 1959, 67 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Goodwin House Incorporated reported income of $105.1m and spending of $109.4m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $93.6m to $105.1m (+12%), an average of +3.0% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwin House Incorporated 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 VA. Charities of a similar size with the same main cause include Colorado Coalition for the Homeless ($104.4m), Chapters Health System Inc ($105.2m) and Regional Food Bank of N E Ny Inc ($104.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.1m (3.7% of expenses). Other salaries and wages came to $46.2m. At year end it held assets of $434.2m against liabilities of $342.9m, net assets of $91.3m. It reported 1,350 employees.