Goodwill Industries Foundation of Northwest Ohio Inc

Analysis

Goodwill Industries Foundation of Northwest Ohio Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Industries Foundation of Northwest Ohio Inc reported income of $460k and spending of $116k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.3m to $460k (-80%), an average of -80% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 8.7% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Goodwill Industries Foundation of Northwest Ohio Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Austin Area Foundation ($460k), Park People of Milwaukee County Inc ($460k) and Devoted Dreamers Foundation ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $2.6m against liabilities of $3,400, net assets of $2.6m.