Goodwill Industries of South Florida Inc

Analysis

Goodwill Industries of South Florida Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1963, 63 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 South Florida Inc reported income of $178.1m and spending of $175.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $158.8m to $178.1m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 98% 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 South Florida 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 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Goodwill of Colorado ($173.5m), Goodwill of North Georgia Inc ($179.6m) and NCRC Community Development Fund Inc ($164.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $1.7m (0.9% of expenses). Other salaries and wages came to $81.3m. At year end it held assets of $139.2m against liabilities of $92.3m, net assets of $47.0m. It reported 3,785 employees.