Goodwill Industries of North Louisiana Inc

Analysis

Goodwill Industries of North Louisiana Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in March 1944, 82 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 (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 North Louisiana Inc reported income of $12.9m and spending of $12.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $12.9m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 96% 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 North Louisiana 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 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include West Alabama Regional Commission ($12.9m), Goodwill Industries of Northeast Indiana Inc ($12.9m) and Tobosa Development and Training Center Inc ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $443k (3.5% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $16.2m against liabilities of $6.6m, net assets of $9.6m. It reported 514 employees.