Goodwill Industries of Wyoming Inc

Analysis

Goodwill Industries of Wyoming Inc is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in September 1968, 58 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 Wyoming Inc reported income of $4.3m and spending of $2.4m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 54% 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 Wyoming 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 95th percentile within WY. Charities of a similar size with the same main cause include Maryland Mep Inc ($4.3m), Asian Inc ($4.3m) and Se Works Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $150k (6.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $19.0m against liabilities of $510k, net assets of $18.5m. It reported 360 employees.