Goodwill Industries of East Texas Inc

Analysis

Goodwill Industries of East Texas Inc is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in December 1975, 51 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 East Texas Inc reported income of $15.2m and spending of $15.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.6m to $15.2m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 88% 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 East Texas Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Building 77 Qalicb Inc ($15.2m), Heartland Forward ($15.3m) and Desert Haven Enterprises ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $342k (2.3% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $21.9m against liabilities of $1.8m, net assets of $20.1m. It reported 558 employees.