Goodwill Central Coast

Analysis

Goodwill Central Coast is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in March 1955, 71 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 December 2023, Goodwill Central Coast reported income of $46.1m and spending of $44.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.0m to $46.1m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 72%. 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 Central Coast sits at the 99th 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 Work Services Corporation ($46.1m), Los Angeles Jewish Home for the Aging ($46.3m) and GRHS Foundation Inc ($46.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $664k (1.5% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $57.1m against liabilities of $19.2m, net assets of $37.9m. It reported 993 employees.