Goodwill Industries of Southwest Oklahoma & North Texas Inc

Analysis

Goodwill Industries of Southwest Oklahoma & North Texas Inc is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in March 1964, 62 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 Southwest Oklahoma & North Texas Inc reported income of $8.7m and spending of $8.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $8.7m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 101% 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 Southwest Oklahoma & North Texas Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include South Central Workforce Development Council ($8.7m), Inclusive Action for the City ($8.7m) and Midtown Detroit Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.1% of the total. At year end it held assets of $11.7m against liabilities of $7.4m, net assets of $4.3m. It reported 437 employees.