Goodwill of Arkansas Foundation Inc

Analysis

Goodwill of Arkansas Foundation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in November 1979, 47 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 of Arkansas Foundation Inc reported income of $19.3m and spending of $428k, leaving 98% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.3m to $19.3m (+164%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 152%. Over the whole period it spent 1.3% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill of Arkansas Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AR. Charities of a similar size with the same main cause include Youth Opportunities Unlimited the Hale Building ($19.3m), Big Sandy Area Community Action Program Incorporated ($19.3m) and Total Care Services Inc ($19.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $63.8m against liabilities of $0, net assets of $63.8m.