Evergreen Goodwill of Northwest Washington

Analysis

Evergreen Goodwill of Northwest Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1925, 101 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 June 2023, Evergreen Goodwill of Northwest Washington reported income of $141.6m and spending of $148.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $127.2m to $141.6m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Evergreen Goodwill of Northwest Washington 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 99th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Saint Johns University ($140.3m), Options for Learning ($142.1m) and Elmhurst University ($139.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (1.0% of expenses). Other salaries and wages came to $77.5m. It paid $3,000 in professional fundraising fees. At year end it held assets of $147.6m against liabilities of $76.7m, net assets of $71.0m. It reported 3,286 employees.