Goodwill of the Olympics and Rainier Region

Analysis

Goodwill of the Olympics and Rainier Region is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in April 1924, 102 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Goodwill of the Olympics and Rainier Region reported income of $93.7m and spending of $89.0m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $82.1m to $93.7m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill of the Olympics and Rainier Region 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 99th percentile within WA. Charities of a similar size with the same main cause include Goodwill Industries-Suncoast Inc ($93.1m), Goodwill Industries Manasota Inc ($94.8m) and Strada Education Foundation Inc ($91.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.3m (1.5% of expenses). Other salaries and wages came to $42.4m. At year end it held assets of $114.0m against liabilities of $48.0m, net assets of $66.0m. It reported 2,414 employees.