Goodwill Industries of Acadiana Housing Corporation

Analysis

Goodwill Industries of Acadiana Housing Corporation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Acadiana Housing Corporation reported income of $388k and spending of $377k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $388k (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Goodwill Industries of Acadiana Housing Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include PVM Kalamazoo Senior Non Profit Housing Corporation ($388k), Community Service Alliance ($388k) and United Housing Pres Rehab and Development Fund Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.4m against liabilities of $2.4m, net assets of -$1000k.