Goodwill Industries of South Mississippi Inc

Analysis

Goodwill Industries of South Mississippi Inc is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in June 2001, 25 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 South Mississippi Inc reported income of $10.5m and spending of $10.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.9m to $10.5m (+5.6%), an average of +1.4% a year. Over the whole period it spent 101% 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 South Mississippi Inc sits at the 96th percentile: it is larger than about 96% 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 Greenwood County Community Foundation Inc ($10.4m), Materials Research Society ($10.5m) and Great Rivers Greenway Foundation ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $365k (3.6% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $24.3m against liabilities of $20.9m, net assets of $3.4m. It reported 297 employees.