Goodwill Industries of Central East

Analysis

Goodwill Industries of Central East is a registered charity in United States, based in Lufkin, TX. It received its IRS tax-exemption ruling in June 1989, 37 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 Central East reported income of $6.3m and spending of $5.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $6.3m (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 92% 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 Central East sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Mid-Michigan Industries Inc ($6.3m), Juma Ventures ($6.3m) and Technology Access Foundation ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $284k (5.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.0m against liabilities of $487k, net assets of $3.6m. It reported 233 employees.