Goodwill of Colorado
Goodwill of Colorado reported $183.4 million in revenue and $162.5 million in expenses for calendar year 2024. Of every $100 it spent, $90.67 went to program services, $9.33 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 49.8% of the total. The highest compensation it reported for one person was $685,733 (President/CEO). 25 people received more than $100,000 in reportable compensation. Revenue rose 30% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $162MFor context, the median across 409 covered employment charities: $88.97 programs, $11.03 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $183MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.7% | 88.0% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.3% | 10.9% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 49.8% | 22.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 14.2% | 62.6% |
| Highest reported compensation Part VII-A, columns D–F | $685,733 | $297,435 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.42% | 1.26% |
| People paid over $100,000 Part VII, line 2 | 25 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 14.5 | 8.1 |
| Independent voting board members Part VI 1a–1b | 33 of 35 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseIn 2024, Goodwill of Colorado operated 54 retail and donation centers. Goodwill of Colorado employs 2,200 team members in our retail operations, 65% of whom have significant obstacles to employment, such as being unhoused, addiction, a disability, or justice involvement. We provide foundational jobs and train those employees in soft job skills as well as retail, transportation, and logistic knowledge. Goodwill of Colorado's operations & sales division also received, recycled and repurposed 228 million pounds of material donations to preserve our environment and grow our economy, recycled 471…
In 2024, Goodwill of Colorado, in partnership with goodwill industrial services corporation (ein#84-1273701), provided meaningful and gainful employment to over 200 individuals with developmental and economic challenges through its self-sustaining business enterprises comprised of laundry, janitorial, and fleet maintenance services. Goodwill of Colorado and Goodwill industrial services corporation (ein#84-1273701) customers included military bases, government facilities, hospitality organizations, health care agencies, educational institutions, and private businesses. Together, these two…
In 2024, Goodwill of Colorado's career development activites provided job training and career services for un-or-under employed individuals throughout the community. These services included job preparation courses, work experience programs and professional certification courses directed at making career-challenged individuals' job-ready. In partnership with community partners, Goodwill of Colorado placed job seekers into employment with net annual impact of $33.5 million and overall economic impact totaling $291 million
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President/CEO Director/trustee, officer, 38.0 hrs/week | $641,384 | $0 | $44,349 | $685,733 |
| COO - Chief Oper. Officer Key employee, 40.0 hrs/week | $274,385 | $0 | $41,233 | $315,618 |
| CFO Officer, 38.0 hrs/week | $257,087 | $0 | $25,008 | $282,095 |
| CMO Key employee, 39.0 hrs/week | $217,156 | $0 | $11,540 | $228,696 |
| VP Marketing and Development Key employee, 40.0 hrs/week | $203,077 | $0 | $22,427 | $225,504 |
| VP-Strategic Planning Key employee, 40.0 hrs/week | $183,847 | $0 | $22,599 | $206,446 |
| Director III, Retail Op Highest compensated employee, 40.0 hrs/week | $174,849 | $0 | $22,616 | $197,465 |
| Director II, Finance Highest compensated employee, 40.0 hrs/week | $142,385 | $0 | $17,588 | $159,973 |
25 people received more than $100,000 in reportable compensation from Goodwill of Colorado (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b35 · 33 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 56,108
- Volunteers Part I, line 65,270
Private foundation grants it received
13 private foundations reported grants to Goodwill of Colorado totaling $227K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Goodwill of Colorado's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Goodwill of Colorado, you can publish a response that is linked from this page.
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Of every $100 Goodwill of Colorado spent in 2024, $90.67 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Goodwill of Colorado's spending goes to programs?
In calendar year 2024, Goodwill of Colorado reported that 90.7% of its $162.5 million in expenses went to program services, 9.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Goodwill of Colorado pay its top executive?
The largest total compensation Goodwill of Colorado reported for one person in calendar year 2024 was $685,733, for the role of President/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Goodwill of Colorado get its money?
Of $183.4 million in revenue in calendar year 2024, 49.8% came from contributions and grants and 14.2% from program service revenue (Form 990, Part VIII).
Is Goodwill of Colorado a registered charity?
The IRS lists EIN 84-0513404 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543039349301984 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403129349304045 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313059349302676 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203069349302200 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143079349301544 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349316305 · read the filing
All filings for EIN 84-0513404: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.