Goodwill Industries of NW North Carolina Inc

Analysis

Goodwill Industries of NW North Carolina Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 1942, 84 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 NW North Carolina Inc reported income of $90.0m and spending of $83.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $71.5m to $90.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Industries of NW North Carolina 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 100th percentile within NC. Charities of a similar size with the same main cause include Goodwill Industries of Northern New England ($88.4m), Cent for Urban Community SVCS ($91.2m) and Third Sector New England Inc ($88.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $1.4m (1.7% of expenses). Other salaries and wages came to $38.6m. It paid $85k in professional fundraising fees. At year end it held assets of $152.7m against liabilities of $15.4m, net assets of $137.3m. It reported 2,090 employees.