Goodwill Homes Community Services Inc

Analysis

Goodwill Homes Community Services Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1960, 66 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Goodwill Homes Community Services Inc reported income of $1.9m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.9m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwill Homes Community Services Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include St Johns Foundation ($1.9m), My Connect Community ($1.9m) and Rainbow Kids Achievement Center ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $132k (8.4% of expenses). At year end it held assets of $2.0m against liabilities of $142k, net assets of $1.8m. It reported 20 employees.