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Goodwill of Colorado

EIN 84-0513404 · Colorado Spgs, CO

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood83 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

GOODWILL OF COLORADO ACCOMPLISHES ITS LIFE-CHANGING MISSION THROUGH MANY DIVERSE AND INNOVATIVE EMPLOYMENT AND LIFE SKILLS PROGRAMS THAT FOSTER CONFIDENCE AND OPPORTUNITY FOR INDIVIDUALS WITH ECONOMIC AND DEVELOPMENT CHALLENGES THAT KEEP THEM FROM LEADING INDEPENDENT AND ENGAGED LIVES.

Income
$183.4 million
Spending
$162.5 million
Spent on programs
91%
Reserves
6 months of spending
Largest source of income
donations and private grants, 50%
Employees
6,108
Volunteers
5,270
Highest pay
$685,733, president/ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 83 out of 100. Higher than 86% of charities in its peer group (employment, over $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 6.0 months of spending.

  • Debt

    10 of 20

    It owes 31% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 11% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    91% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 34% of charities in its peer group (employment, over $100m).

  • Independent board

    25 of 25

    33 of 35 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $125.2 million spent. IN 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 TONS OF ENVIRONMENTALLY HAZARDOUS COMPUTERS/COMPONENTS, AND ISSUED 9,000 EMERGENCY CLOTHING VOUCHERS TO FAMILIES IN NEED.
  2. $19.9 million spent. 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 ORGANIZATIONS ENSURE THESE EMPLOYEES RECEIVE SUSTAINED EMPLOYMENT, JOB TRAINING AND SUPPORT TO ENSURE THEIR VOCATIONAL AND PERSON SUCCESS.
  3. $2.2 million spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1963.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.