Gulfstream Goodwill Industries Inc

Analysis

Gulfstream Goodwill Industries Inc is a registered charity in United States, based in Mangonia Park, FL. It received its IRS tax-exemption ruling in July 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 December 2023, Gulfstream Goodwill Industries Inc reported income of $55.5m and spending of $59.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.6m to $55.5m (+14%), an average of +3.4% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gulfstream Goodwill Industries 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 Community Reinvestment Fund Inc ($55.5m), Community of Hope Inc ($55.8m) and Applied Research Institute ($55.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $2.1m (3.6% of expenses). Other salaries and wages came to $21.7m. At year end it held assets of $57.0m against liabilities of $50.8m, net assets of $6.1m. It reported 1,190 employees.