Goodwill Industries of Southern Arizona Inc

Analysis

Goodwill Industries of Southern Arizona Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in May 1970, 56 years ago. 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 June 2023, Goodwill Industries of Southern Arizona Inc reported income of $42.8m and spending of $37.8m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $27.4m to $42.8m (+56%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodwill Industries of Southern Arizona Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Harold Grinspoon Foundation ($42.6m), Ampp Global Center Inc ($42.8m) and Rivers School Corporation ($42.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $955k (2.5% of expenses). Other salaries and wages came to $19.5m. At year end it held assets of $45.9m against liabilities of $26.0m, net assets of $19.9m. It reported 1,158 employees.