Operating record

Memphis Goodwill Industries Inc

Memphis, TN · EIN 62-0476294 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$4,118,861$3,427,567$691,294-2.263%
2021$4,418,155$3,289,268$1,128,8870.063%
2022$5,143,533$4,027,859$1,115,6741.965%
2023$5,930,304$4,817,067$1,113,2372.665%

In its most recent public year (2023), this organization brought in $1,113,237 more than it spent. Its reserves stood at about 2.6 months of spending, up from -2.2 in 2020. Staff pay was 65% 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 ↗