Goodwill Industries of Central North Carolina Inc

Analysis

Goodwill Industries of Central North Carolina Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1967, 59 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 June 2024, Goodwill Industries of Central North Carolina Inc reported income of $28.5m and spending of $24.5m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $20.5m to $28.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 84% 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 Central North Carolina 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 NC. Charities of a similar size with the same main cause include Csra Economic Opportunity Authority Inc ($28.5m), Crawford Sebastian Community Development Council Inc ($28.6m) and Minnesota Valley Action Council Inc ($28.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.5m (6.0% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $53.6m against liabilities of $6.7m, net assets of $46.9m. It reported 811 employees.