Goodwill Industries of Southeast Texas

Analysis

Goodwill Industries of Southeast Texas is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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 Southeast Texas reported income of $11.8m and spending of $9.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $11.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 84% 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 Southeast Texas 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 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Texas Health Specialty Hospital Fort Worth ($11.8m), National Indian Health Board ($11.8m) and Illinois Public Health Association ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $25.4m against liabilities of $10.0m, net assets of $15.3m. It reported 406 employees.