Goodwill Industries of Kanawha Valley Inc

Analysis

Goodwill Industries of Kanawha Valley Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in July 1956, 70 years ago. 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 of Kanawha Valley Inc reported income of $36.5m and spending of $35.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.4m to $36.5m (+138%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Industries of Kanawha Valley Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($36.5m), Central Florida Family Health Center Inc ($36.5m) and Trace Inc ($36.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $836k (2.3% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $38.3m against liabilities of $13.3m, net assets of $25.0m. It reported 1,774 employees.