Abilene Goodwill Industries Inc

Analysis

Abilene Goodwill Industries Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in May 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abilene Goodwill Industries Inc reported income of $18.7m and spending of $14.8m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $18.7m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Abilene Goodwill Industries 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 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Edwards Center Inc ($18.7m), Strive International Inc ($18.7m) and Employ Milwaukee Inc ($18.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% of the total. Compensation of current officers, directors and key employees was $421k (2.8% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $25.8m against liabilities of $4.2m, net assets of $21.7m. It reported 939 employees.