Goodwill Southern Los Angeles County

Analysis

Goodwill Southern Los Angeles County is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 1963, 63 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 Southern Los Angeles County reported income of $33.6m and spending of $32.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.4m to $33.6m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwill Southern Los Angeles County sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include National Council for Community Development Inc ($33.6m), Goodwill Industries Inc ($33.9m) and San Diego Workforce Partnership Inc ($33.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $388k (1.2% of expenses). Other salaries and wages came to $16.4m. It paid $13k in professional fundraising fees. At year end it held assets of $41.8m against liabilities of $13.9m, net assets of $27.9m. It reported 584 employees.