Goodwill Temporary Services Inc

Analysis

Goodwill Temporary Services Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Temporary Services Inc reported income of $35.8m and spending of $42.4m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.0m to $35.8m (+124%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Temporary Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Signal Technology Foundation ($35.8m), International Training Fund ($35.9m) and Blueprints ($35.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Other salaries and wages came to $22.8m. At year end it held assets of $7.6m against liabilities of $17.3m, net assets of -$9.7m. It reported 1,218 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.