Goodwill Industries of Redwood Empire

Analysis

Goodwill Industries of Redwood Empire is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in June 1974, 52 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 June 2023, Goodwill Industries of Redwood Empire reported income of $16.6m and spending of $14.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.7m to $16.6m (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 90% 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 Redwood Empire sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Delaware Opportunities Inc ($16.6m), Abilities Unlimited of Jonesboro Incorporated ($16.6m) and St Martin Iberia Lafayette Parishes Community Action Agency ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $616k (4.3% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $42.6m against liabilities of $17.4m, net assets of $25.1m. It reported 316 employees.