Goodwill of the San Francisco Bay

Analysis

Goodwill of the San Francisco Bay is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 1935, 91 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 (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 of the San Francisco Bay reported income of $75.6m and spending of $78.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.0m to $75.6m (+89%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 110% 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 San Francisco Bay 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 AZ. Charities of a similar size with the same main cause include National Experienced Workforce Solutions Inc ($75.5m), International Financial Reporting Standards Foundation ($76.4m) and Davis Memorial Goodwill Industries ($75.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.3m (1.6% of expenses). Other salaries and wages came to $35.5m. At year end it held assets of $100.2m against liabilities of $64.6m, net assets of $35.7m. It reported 1,555 employees.