Goodwill Industrial Services Corporation

Analysis

Goodwill Industrial Services Corporation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 1994, 32 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 Corporation reported income of $12.2m and spending of $11.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.8m to $12.2m (-11%), an average of -3.0% a year. Over the whole period it spent 97% 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 Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Salesmanship Club of Dallas ($12.2m), East Central Kansas Economic Opportunity Corp ($12.3m) and Arizona Industries for the Blind ($12.2m).

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 $5.8m. At year end it held assets of $11.7m against liabilities of $5.3m, net assets of $6.4m. It reported 204 employees.