Goodwill Industries Of Lorain County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,596,320 | 3,996,886 | 599,434 | 10.6 | 53% |
| 2022 | 6,014,952 | 5,164,736 | 850,216 | 12.4 | 53% |
| 2023 | 6,636,243 | 5,883,683 | 752,560 | 12.5 | 55% |
In its most recent public year (2023), this organization brought in $752,560 more than it spent. Its reserves stood at about 12.5 months of spending, up from 10.6 in 2020. Staff pay was 55% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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