Goods Recycling Inc

Analysis

Goods Recycling Inc is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Goods Recycling Inc reported income of $701k and spending of $655k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $404k to $701k (+74%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goods Recycling Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include New 2 You of Lansing ($701k), Afghan Girls Financial Assistance Fund Inc ($701k) and Greenwich Adult Day Care Trust Fund ($701k).

Compensation of current officers, directors and key employees was $52k (7.9% of expenses). At year end it held assets of $189k against liabilities of $18k, net assets of $171k. It reported 1 employees.