Goodwill Industries of Arkansas Inc

Analysis

Goodwill Industries of Arkansas Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in September 1942, 84 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 June 2023, Goodwill Industries of Arkansas Inc reported income of $67.9m and spending of $70.9m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $45.5m to $67.9m (+49%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 97% 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 Arkansas Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include University of St Francis ($67.8m), Black Veterans for Social Justice Inc ($67.9m) and Massachusetts League of Community Health Centers Inc ($67.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $1.2m (1.7% of expenses). Other salaries and wages came to $27.0m. At year end it held assets of $79.4m against liabilities of $25.5m, net assets of $53.9m. It reported 3,041 employees.