Hagerstown Goodwill Industries Inc
Only null% goes to programs Strong reserves
Hagerstown Goodwill Industries Inc is a 501(c)(3) organization based in Hagerstown, Maryland, registered in 1956, with $14,584,952 in FY2024 revenue. CharityIndex grades it B.
14515 Pennsylvania Ave, Hagerstown, MD, 21742 EIN 52-0660403 Since 1956
Revenue (FY2024)
$14.6M
▲ 29.9% vs prior year
Employment median: $367K
Expenses (FY2024)
$13.2M
Net assets
$7.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hagerstown Goodwill Industries Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hagerstown Goodwill Industries Inc: 7 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hagerstown Goodwill Industries Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hagerstown Goodwill Industries Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 14515 Pennsylvania Ave, Hagerstown, MD, 21742
- City
- Hagerstown
- State
- Maryland
- Category
- Employment
- Subcategory
- Vocational Rehabilitation
- Website
- …
Financial trends
Revenue declined from $17.0M (FY2013) to $14.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $12.0MNet assets $7.8M
Operating margin
9.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$19.8M
Total liabilities
$12.0M
Net assets
$7.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $14,584,952▲29.9% | $13,221,728▲3.1% | $7,787,583▲18.7% | $19,758,708▲1.4% | 990 |
| 2023 | $11,227,885▼0.5% | $12,828,952▲9.6% | $6,562,373▼17.9% | $19,486,819 | 990 |
| 2022 | $11,285,110▼16.0% | $11,699,930▼1.6% | $7,996,263▼7.5% | $19,481,724▼2.3% | 990 |
| 2021 | $13,438,642▲20.4% | $11,885,116▲2.3% | $8,648,840▲20.4% | $19,941,303▲4.8% | 990 |
| 2020 | $11,159,365▼14.4% | $11,615,877▼11.0% | $7,183,498▼4.5% | $19,034,598▲79.7% | 990 |
| 2019 | $13,041,480▼39.3% | $13,045,834▼41.6% | $7,522,272▲2.6% | $10,590,197▼1.9% | 990 |
| 2018 | $21,502,688▲3.8% | $22,325,713▲2.9% | $7,331,319▼11.8% | $10,797,266▼6.7% | 990 |
| 2017 | $20,716,487▲6.2% | $21,692,871▲11.7% | $8,313,062▼9.3% | $11,577,538▼1.2% | 990 |
| 2016 | $19,501,243▲1.7% | $19,421,573▲5.0% | $9,165,182▲1.1% | $11,713,724▲3.9% | 990 |
| 2015 | $19,172,218▲5.8% | $18,492,291▲4.1% | $9,061,026▲8.1% | $11,277,849▲1.0% | 990 |
| 2014 | $18,117,859▲6.7% | $17,765,777▲6.9% | $8,381,346▲4.4% | $11,166,063▲1.4% | 990 |
| 2013 | $16,987,944 | $16,618,052▲7.1% | $8,027,854▲4.9% | $11,016,640▲1.8% | 990 |
| 2012 | — | $15,510,518▼0.5% | $7,655,532▲12.1% | $10,822,647▲6.1% | 990 |
| 2011 | — | $15,583,415 | $6,828,519 | $10,196,933 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $372K total
10 grants to Hagerstown Goodwill Industries Inc totaling $372K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Valley Health System | Direct grant support | 2024 | $100,000 |
| Goodwill Industries International Inc | Uhc 2024, usda snap 2023, walmart textile recycling | 2024 | $87,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $50,000 |
| Sourceamerica | Regulatory compliance grant, training, certification & compliance grant | 2024 | $16,607 |
| Goodwill Industries International Inc | Gm youth and young adult 3.0 | 2023 | $20,000 |
| Goodwill Industries International Inc | Accenture opportunity accelera, accenture virtual reality 2.0, anthem healthcare | 2022 | $37,821 |
| Sourceamerica | Ppe | 2020 | $11,650 |
| Sourceamerica | Ppe | 2020 | $11,650 |
| Goodwill Industries International Inc | Aecf casey 2018 direct, google-gw digital career accel, | 2019 | $12,000 |
| Goodwill Industries International Inc | Google - dca, casey | 2018 | $25,000 |
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Frequently asked questions
- Is Hagerstown Goodwill Industries Inc a legitimate nonprofit?
- Yes. Hagerstown Goodwill Industries Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-0660403, based in Hagerstown, Maryland. Donations are tax-deductible.
- What is Hagerstown Goodwill Industries Inc's EIN?
- Hagerstown Goodwill Industries Inc's Employer Identification Number (EIN) is 52-0660403.
- How much revenue does Hagerstown Goodwill Industries Inc report?
- Hagerstown Goodwill Industries Inc reported $14,584,952 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hagerstown Goodwill Industries Inc have?
- CharityIndex grades Hagerstown Goodwill Industries Inc B, based on financial health (reserves and operating margin).
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Data for Hagerstown Goodwill Industries Inc (EIN 52-0660403) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.