Goodwill Ky Support Corporation

Analysis

Goodwill Ky Support Corporation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Ky Support Corporation reported income of $380k and spending of $473k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.1m to $380k (-82%), an average of -82% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 19% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Ky Support Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Texas Family Project Foundation ($380k), Junior League of Summit Inc ($380k) and Boca Raton Rotary Fund Inc ($379k).

At year end it held assets of $44.6m against liabilities of $42.6m, net assets of $2.0m.