Goodwill Industries Manasota Inc

Analysis

Goodwill Industries Manasota Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in January 1982, 44 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 (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 Manasota Inc reported income of $94.8m and spending of $91.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $68.3m to $94.8m (+39%), an average of +8.5% a year. Over the whole period it spent 93% 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 Manasota 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 Goodwill of the Olympics and Rainier Region ($93.7m), Bosma Industries for the Blind Inc ($95.3m) and Goodwill Industries-Suncoast Inc ($93.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.1m (1.2% of expenses). Other salaries and wages came to $25.3m. At year end it held assets of $113.0m against liabilities of $66.4m, net assets of $46.6m. It reported 1,363 employees.