Goodwill Industries of Southwest Florida Inc

Analysis

Goodwill Industries of Southwest Florida Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 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 (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 Southwest Florida Inc reported income of $61.0m and spending of $53.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.0m to $61.0m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 94% 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 Southwest 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 Cambria County Association for the Blind & Handicapped Inc ($60.8m), Manned Space Flight Education Foundation Incorporated ($61.8m) and Huntsville Rehabilitation FDN ($60.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $829k (1.5% of expenses). Other salaries and wages came to $26.7m. At year end it held assets of $104.4m against liabilities of $57.7m, net assets of $46.7m. It reported 1,869 employees.