Quote:
Originally Posted by dino7c
Goodwill sells stuff they get for free and gives around 10% of profits to charity. 6 billion in revenue per year.
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According to Wikipedia, it is precisely the reverse: of $6 billion in revenue in fiscal 2018, Goodwill ‘spent $5.27 billion on charitable services’ and the rest on salaries and operating expenses. They are, in fact, chartered as a 501(c)(3) nonprofit organization.
CharityWatch gives Goodwill Industries International an A grade, with 87% of its spending on programs and 13% on overhead, and $2 spent on fundraising per $100 in contributions.