Goodwill Industries of El Paso Inc

Analysis

Goodwill Industries of El Paso Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in November 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 2023, Goodwill Industries of El Paso Inc reported income of $10.0m and spending of $8.9m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.2m to $10.0m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 92% 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 El Paso 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 TX. Charities of a similar size with the same main cause include Mill Springs Academy Inc ($9.9m), Clay Behavioral Health Center Inc ($10.0m) and Oshean Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $302k (3.4% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $11.7m against liabilities of $5.5m, net assets of $6.2m. It reported 301 employees.