Goodwill Industries of South Texas Inc

Analysis

Goodwill Industries of South Texas Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in March 1950, 76 years ago. 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 2022, Goodwill Industries of South Texas Inc reported income of $27.9m and spending of $26.3m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $21.5m to $27.9m (+30%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 96% 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 South Texas Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Childrens Memorial Hospital Self ($27.9m), Guttmacher Institute Inc ($27.9m) and Georgia Community Support and Solutions Inc ($27.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 6.7% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $579k (2.2% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $57.6m against liabilities of $53.2m, net assets of $4.3m. It reported 1,392 employees.