Goodwin House Foundation

Analysis

Goodwin House Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Goodwin House Foundation reported income of $4.6m and spending of $3.1m, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $4.6m (+213%), an average of +33% a year. The sharpest change came in the year to September 2021, when income rose by 152%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwin House Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Families in Transition of Santa Cruz County Inc ($4.6m), Centro Deambulantes Cristo Pobre Inc ($4.6m) and Raleigh Rescue Mission Incorporated ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $760k. At year end it held assets of $24.0m against liabilities of $794k, net assets of $23.2m.