Goodwill Industries of Hawaii Inc

Analysis

Goodwill Industries of Hawaii Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 1962, 64 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 Hawaii Inc reported income of $30.4m and spending of $29.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.4m to $30.4m (+11%), an average of +2.7% a year. Over the whole period it spent 94% 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 Hawaii Inc 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 99th percentile within HI. Charities of a similar size with the same main cause include Jewish Vocational Service Inc ($30.3m), Worksystems Inc ($30.5m) and Challenge Unlimited Inc ($30.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $482k (1.6% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $75.3m against liabilities of $33.7m, net assets of $41.6m. It reported 600 employees.