Goodwill Industries of Houston

Analysis

Goodwill Industries of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1949, 77 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 2022, Goodwill Industries of Houston reported income of $210.5m and spending of $191.6m, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $172.3m to $210.5m (+22%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 93% 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 Houston sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Camba Inc ($207.2m), Goodwill Industries of the Columbia Willamette ($211.2m) and Goodwill Industries of Central Texas ($206.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $48.0m. At year end it held assets of $95.0m against liabilities of $68.1m, net assets of $26.9m. It reported 4,235 employees.