Goodwill Industries of Mississippi Inc

Analysis

Goodwill Industries of Mississippi Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in April 1958, 68 years ago. 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 of Mississippi Inc reported income of $10.2m and spending of $8.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $10.2m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Industries of Mississippi Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MS. Charities of a similar size with the same main cause include Community Action for Improvement Inc ($10.2m), Msu Foundation Inc ($10.2m) and Inland Empire Tobaccosecuritization Corporation ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $200k (2.3% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $17.3m against liabilities of $8.1m, net assets of $9.2m. It reported 428 employees.