Goodwill Industries of the Coastal Empire Inc

Analysis

Goodwill Industries of the Coastal Empire Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in June 1965, 61 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 2022, Goodwill Industries of the Coastal Empire Inc reported income of $5.6m and spending of $5.5m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $6.0m to $5.6m (-6.4%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 90% 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 the Coastal Empire Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Arrow Child & Family Ministries ($5.6m), Rural Development Corp ($5.6m) and Life Skills Centers Inc ($5.6m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $7.5m against liabilities of $212k, net assets of $7.3m. It reported 131 employees.