Goodwill Arkansas Education Initiatives Inc

Analysis

Goodwill Arkansas Education Initiatives Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goodwill Arkansas Education Initiatives Inc reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.6m (+102%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goodwill Arkansas Education Initiatives Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AR. Charities of a similar size with the same main cause include Faithacts for Education Inc ($2.6m), Spring Street International School ($2.6m) and In Your Hands Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $817k. At year end it held assets of $24k against liabilities of $113k, net assets of -$89k. It reported 41 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.