Goodwill Services Inc

Analysis

Goodwill Services Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1998, 28 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 December 2023, Goodwill Services Inc reported income of $10.7m and spending of $10.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.5m to $10.7m (-6.7%), an average of -1.7% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwill Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Safe Nest Temporary Assistance for Domestic Crisis Inc ($10.7m), Rite Aid Healthy Futures ($10.7m) and Network of Community Ministries Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $3.5m against liabilities of $3.4m, net assets of $113k. It reported 196 employees.