Goodwill Industries Foundation Inc
Goodwill Industries Foundation Inc shows historical asset growth but current financial status is unclear with $0 revenue and assets reported.
EIN: 202537638 · Greenville, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $102K |
| Net Assets | $2.3M |
| Transparency Score | 50/100 |
Is Goodwill Industries Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Goodwill Industries Foundation Inc
Goodwill Industries Foundation Inc (EIN: 202537638) is a nonprofit organization based in Greenville, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodwill Industries Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goodwill Industries Foundation Inc is a small nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -45.9%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $102K |
| Surplus / Deficit | +$78K |
| Total Assets | $2.3M |
| Net Assets | $2.3M |
| Operating Margin | 43.3% |
| Months of Reserves | 266.5 months |
Financial Health Grade: A
In 2014, Goodwill Industries Foundation Inc reported a surplus of $78K with revenue exceeding expenses, holds 266.5 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2014), Goodwill Industries Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -45.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +7.8% | +55.9% | +11.8% |
| 2013 | +10.0% | +4.3% | +12.2% |
| 2012 | -86.7% | +43.4% | +3.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goodwill Industries Foundation Inc with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Goodwill Industries Foundation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation was consistently reported as 0% across all four filings, indicating that officers either served on a volunteer basis or were compensated by a related entity, which is a positive sign for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Goodwill Industries Foundation Inc's IRS 990 filings:
- Latest reported revenue of $0 and assets of $0, contradicting historical trends.
- Lack of detailed expense breakdown to assess program spending ratio.
- NTEE code is unknown, hindering classification and comparison with similar organizations.
Strengths
The following positive indicators were identified for Goodwill Industries Foundation Inc:
- Consistent asset growth from $1,748,361 in 2011 to $2,275,923 in 2014 (historically).
- Zero reported liabilities across all filings, indicating strong financial solvency.
- 0% officer compensation reported, suggesting volunteer leadership or very low administrative overhead.
Frequently Asked Questions about Goodwill Industries Foundation Inc
Is Goodwill Industries Foundation Inc a legitimate charity?
Goodwill Industries Foundation Inc (EIN: 202537638) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 50/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Goodwill Industries Foundation Inc spend its money?
Goodwill Industries Foundation Inc reported its financials in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Goodwill Industries Foundation Inc tax-deductible?
Goodwill Industries Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202537638). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Goodwill Industries Foundation Inc located?
Goodwill Industries Foundation Inc is headquartered in Greenville, South Carolina and files with the IRS under EIN 202537638.
How many years of IRS 990 filings does Goodwill Industries Foundation Inc have?
Goodwill Industries Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What is the reason for the reported $0 revenue and assets in the latest filing?
The provided data shows a significant discrepancy between historical financial performance (positive revenue and growing assets) and the latest reported figures of $0 for both revenue and assets. This requires clarification to understand the organization's current operational status.
How does Goodwill Industries Foundation Inc utilize its assets to support the mission of Goodwill?
While the foundation has consistently grown its assets, the specific programs or grants funded by these assets are not detailed in the provided financial summary. Understanding the deployment of these assets is key to assessing its programmatic impact.
What are the detailed expense categories for the organization?
The provided data only gives total expenses. A breakdown into program, administrative, and fundraising expenses would allow for a more precise assessment of spending efficiency and program focus.
Filing History
IRS 990 filing history for Goodwill Industries Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Goodwill Industries Foundation Inc's revenue has declined by 84.2%, moving from $1.1M to $181K. Total assets increased by 30.2% over the same period, from $1.7M to $2.3M. Total functional expenses rose by 133.3%, from $44K to $102K. In its most recent filing year (2014), Goodwill Industries Foundation Inc reported a surplus of $78K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $181K | $102K | $2.3M | $0 | — | View 990 |
| 2013 | $168K | $66K | $2.0M | $0 | — | View 990 |
| 2012 | $152K | $63K | $1.8M | $0 | — | View 990 |
| 2011 | $1.1M | $44K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $181K, expenses of $102K, and assets of $2.3M (revenue +7.8% year-over-year).
- 2013: Revenue of $168K, expenses of $66K, and assets of $2.0M (revenue +10.0% year-over-year).
- 2012: Revenue of $152K, expenses of $63K, and assets of $1.8M (revenue -86.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $44K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goodwill Industries Foundation Inc:
Data Sources and Methodology
This transparency report for Goodwill Industries Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.