Goodwill Industries of Eastern North Carolina Inc

Analysis

Goodwill Industries of Eastern North Carolina Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in December 1964, 62 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 (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 Industries of Eastern North Carolina Inc reported income of $46.6m and spending of $31.5m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.0m to $46.6m (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 71% 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 Eastern North Carolina Inc sits at the 99th 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 NC. Charities of a similar size with the same main cause include Los Angeles Jewish Home for the Aging ($46.3m), Home Builders Institute ($46.8m) and Goodwill Central Coast ($46.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $850k (2.7% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $104.3m against liabilities of $51.5m, net assets of $52.8m. It reported 1,227 employees.