Goodland Inc

Analysis

Goodland Inc is a registered charity in United States, based in Hugo, OK. It received its IRS tax-exemption ruling in October 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Goodland Inc reported income of $824k and spending of $587k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $824k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodland Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OK. Charities of a similar size with the same main cause include Koinonia Community Solutions ($823k), Table in the Wilderness Ministries ($824k) and Violence Free Crisis Line ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $37k (6.3% of expenses). Other salaries and wages came to $187k. At year end it held assets of $2.5m against liabilities of $6,140, net assets of $2.5m. It reported 14 employees.