Goodwill Industrial Services of Fort Worth Inc

Analysis

Goodwill Industrial Services of Fort Worth Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 1995, 31 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, Goodwill Industrial Services of Fort Worth Inc reported income of $4.4m and spending of $3.5m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.4m (+25%), an average of +5.7% a year. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Industrial Services of Fort Worth Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Keystone Vocational Services Inc ($4.4m), Wilmington Neighborhood Conservancy Land Bank Corporation ($4.4m) and Fifth Ward Community Redevelopment ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $18.5m against liabilities of $198k, net assets of $18.3m. It reported 59 employees.