Goodwill Ventures Inc

Analysis

Goodwill Ventures Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Ventures Inc reported income of $154k and spending of $659k, spending 429% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $154k (-90%), an average of -44% a year. The sharpest change came in the year to December 2020, when income dropped by 90%. Over the whole period it spent 140% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodwill Ventures Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Warner Connects NH ($154k), Sonoma County Grape Growers Foundation ($154k) and Charitastic Inc ($154k).

At year end it held assets of $8.0m against liabilities of $8.9m, net assets of -$862k.

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.