Alabama Goodwill Industries Inc

Analysis

Alabama Goodwill Industries Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1942, 84 years ago. 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, Alabama Goodwill Industries Inc reported income of $22.4m and spending of $21.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $22.4m (+255%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Goodwill Industries 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 99th percentile within AL. Charities of a similar size with the same main cause include Nutritional Development Services ($22.4m), Third Street Community Clinic Inc ($22.4m) and The Guidance Center of Westchester Inc ($22.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $406k (1.9% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $33.4m against liabilities of $29.4m, net assets of $3.9m. It reported 1,008 employees.