Goodwill Industries - Knoxville Inc

Analysis

Goodwill Industries - Knoxville Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1972, 54 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, Goodwill Industries - Knoxville Inc reported income of $21.2m and spending of $20.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.0m to $21.2m (+6.0%), an average of +1.5% 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 - Knoxville Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Reinvestment Partners ($21.2m), Industries for the Blind and Visually Impaired Inc ($21.3m) and Middle Georgia Community Action Agency Inc ($21.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $521k (2.5% of expenses). At year end it held assets of $46.6m against liabilities of $8.2m, net assets of $38.4m. It reported 643 employees.