Goodwill Industries Of Western Ny
Goodwill Industries Of Western NY shows significant revenue and asset growth, consistently operating with a surplus.
EIN: 160761225 · Buffalo, NY · NTEE: P80Z · Updated: 2026-03-28
Is Goodwill Industries Of Western Ny Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goodwill Industries Of Western Ny directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goodwill Industries Of Western Ny
Goodwill Industries Of Western Ny (EIN: 160761225) is a nonprofit organization based in Buffalo, NY, classified under NTEE code P80Z. The organization reported total revenue of $40.0M and total assets of $33.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodwill Industries Of Western Ny's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goodwill Industries Of Western Ny with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Goodwill Industries Of Western Ny allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all years, which suggests that executive compensation is either not paid or is reported under a different expense category, requiring further investigation for full transparency.
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 Of Western Ny's IRS 990 filings:
- Significant increase in liabilities from $1.2 million in 2021 to $15.2 million in 2023, requiring further investigation into their nature.
- Lack of specific officer compensation details, reported as 0% across all years, which may obscure executive pay practices.
Strengths
The following positive indicators were identified for Goodwill Industries Of Western Ny:
- Strong and consistent revenue growth, from $8.6 million in 2020 to $21.06 million in 2023.
- Significant asset accumulation, growing from $7.69 million in 2020 to $29.11 million in 2023, indicating financial stability and capacity for growth.
- Consistent operational surplus, with revenues exceeding expenses in most recent years (e.g., $21,060,060 revenue vs. $19,312,922 expenses in 2023).
- Positive net assets, with assets consistently exceeding liabilities, demonstrating a healthy financial position.
Frequently Asked Questions about Goodwill Industries Of Western Ny
Is Goodwill Industries Of Western Ny a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodwill Industries Of Western Ny (EIN: 160761225) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Goodwill Industries Of Western Ny spend its money?
Goodwill Industries Of Western Ny directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goodwill Industries Of Western Ny tax-deductible?
Goodwill Industries Of Western Ny is registered as a tax-exempt nonprofit (EIN: 160761225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Goodwill Industries Of Western NY allocate its expenses between programs, administration, and fundraising?
While specific functional expense breakdowns are not provided in the raw data, the organization consistently generates a surplus, indicating overall effective expense management relative to revenue. A more detailed 990 form would show these specific allocations.
What is the reason for the reported 0% officer compensation across all years?
The consistent reporting of 0% for officer compensation could mean that officers are not compensated, or their compensation is categorized differently within the IRS 990 filing, such as under general salaries and wages, which would require reviewing the full 990 form for clarity.
What is the organization's strategy for managing its increasing liabilities, which grew from $1.2 million in 2021 to $15.2 million in 2023?
The increase in liabilities from $1.2 million in 2021 to $15.2 million in 2023, while significant, is accompanied by a substantial increase in assets from $12.7 million to $29.1 million in the same period. This suggests that the liabilities might be tied to strategic investments or expansion, which are also reflected in asset growth. Further analysis of the balance sheet would clarify the nature of these liabilities.
Filing History
IRS 990 filing history for Goodwill Industries Of Western Ny showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Goodwill Industries Of Western Ny's revenue has grown by 259.7%, moving from $5.9M to $21.1M. Total assets increased by 423.3% over the same period, from $5.6M to $29.1M. Total functional expenses rose by 225.4%, from $5.9M to $19.3M. In its most recent filing year (2023), Goodwill Industries Of Western Ny reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $15.2M in liabilities against $29.1M in assets (debt-to-asset ratio: 52.2%), resulting in net assets of $13.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $21.1M | $19.3M | $29.1M | $15.2M | — | — |
| 2022 | $16.5M | $15.8M | $24.1M | $12.4M | — | — |
| 2021 | $17.8M | $10.6M | $12.8M | $1.2M | — | — |
| 2020 | $8.6M | $9.9M | $7.7M | $3.7M | — | View 990 |
| 2019 | $11.8M | $11.6M | $6.6M | $1.5M | — | View 990 |
| 2018 | $9.7M | $9.5M | $5.8M | $1.2M | — | View 990 |
| 2017 | $9.0M | $8.9M | $5.7M | $1.1M | — | View 990 |
| 2016 | $8.8M | $9.3M | $5.7M | $1.4M | — | View 990 |
| 2015 | $8.1M | $8.6M | $5.5M | $972K | — | View 990 |
| 2014 | $8.3M | $8.5M | $5.9M | $702K | — | View 990 |
| 2013 | $8.0M | $8.1M | $6.0M | $732K | — | View 990 |
| 2012 | $6.9M | $6.8M | $5.8M | $623K | — | View 990 |
| 2011 | $5.9M | $5.9M | $5.6M | $732K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.1M, expenses of $19.3M, and assets of $29.1M (revenue +27.7% year-over-year).
- 2022: Revenue of $16.5M, expenses of $15.8M, and assets of $24.1M (revenue -7.2% year-over-year).
- 2021: Revenue of $17.8M, expenses of $10.6M, and assets of $12.8M (revenue +106.1% year-over-year).
- 2020: Revenue of $8.6M, expenses of $9.9M, and assets of $7.7M (revenue -26.7% year-over-year).
- 2019: Revenue of $11.8M, expenses of $11.6M, and assets of $6.6M (revenue +21.8% year-over-year).
- 2018: Revenue of $9.7M, expenses of $9.5M, and assets of $5.8M (revenue +7.1% year-over-year).
- 2017: Revenue of $9.0M, expenses of $8.9M, and assets of $5.7M (revenue +2.3% year-over-year).
- 2016: Revenue of $8.8M, expenses of $9.3M, and assets of $5.7M (revenue +9.1% year-over-year).
- 2015: Revenue of $8.1M, expenses of $8.6M, and assets of $5.5M (revenue -2.8% year-over-year).
- 2014: Revenue of $8.3M, expenses of $8.5M, and assets of $5.9M (revenue +4.0% year-over-year).
- 2013: Revenue of $8.0M, expenses of $8.1M, and assets of $6.0M (revenue +15.3% year-over-year).
- 2012: Revenue of $6.9M, expenses of $6.8M, and assets of $5.8M (revenue +18.3% year-over-year).
- 2011: Revenue of $5.9M, expenses of $5.9M, and assets of $5.6M.
Data Sources and Methodology
This transparency report for Goodwill Industries Of Western Ny 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.