Goodwill Industries of North Florida Inc

Analysis

Goodwill Industries of North Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1942, 84 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 2022, Goodwill Industries of North Florida Inc reported income of $45.7m and spending of $43.1m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $35.9m to $45.7m (+28%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 89% 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 North Florida 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 FL. Charities of a similar size with the same main cause include National Association of Childrens Hospital and Related Institutions ($45.7m), Aware Inc ($45.8m) and The Childrens Clinic Serving Children and Their Families ($45.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 6.0% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $1.7m (4.0% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $99.5m against liabilities of $65.5m, net assets of $34.0m. It reported 3,597 employees.