Goodwill of Central and Northern Arizona

Analysis

Goodwill of Central and Northern Arizona is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 1948, 78 years ago. 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 of Central and Northern Arizona reported income of $300.8m and spending of $298.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191.4m to $300.8m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill of Central and Northern Arizona sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AZ. Charities of a similar size with the same main cause include Leesar Inc ($299.7m), The American British Cowdray Medical Center Institucion de Asis ($302.8m) and Houston Food Bank ($298.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $3.2m (1.1% of expenses). Other salaries and wages came to $140.1m. At year end it held assets of $360.9m against liabilities of $301.5m, net assets of $59.4m. It reported 11,698 employees.