Goodwill Industries of Sacramento Valley & Northern Nevada Inc

Analysis

Goodwill Industries of Sacramento Valley & Northern Nevada Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in August 1942, 84 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 December 2023, Goodwill Industries of Sacramento Valley & Northern Nevada Inc reported income of $104.3m and spending of $103.8m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $77.6m to $104.3m (+34%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 44%. 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 Industries of Sacramento Valley & Northern Nevada Inc 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 CA. Charities of a similar size with the same main cause include Iff ($102.8m), Goodwill Industries of Greater New York and Northern New Jersey Inc ($106.3m) and Goodwill Easter Seals Miami Valley ($102.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.0m (1.0% of expenses). Other salaries and wages came to $62.7m. At year end it held assets of $146.8m against liabilities of $111.7m, net assets of $35.0m. It reported 3,190 employees.