Goodwill Industries of Central Florida Inc

Analysis

Goodwill Industries of Central Florida Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 1963, 63 years ago. 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 Central Florida Inc reported income of $117.3m and spending of $93.9m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $65.4m to $117.3m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 83% 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 Central 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 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Lifemoves ($117.0m), Lesley University ($117.7m) and Point Park University ($116.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $1.8m (1.9% of expenses). Other salaries and wages came to $50.6m. At year end it held assets of $200.9m against liabilities of $69.4m, net assets of $131.5m. It reported 2,431 employees.