Goodwill of Colorado
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Goodwill of Colorado meets the 20 Standards for Charity Accountability.
Stated Purpose:
"To help people reach their highest level of personal and economic independence." This business is being included as part of Better Business Bureau’s “BBB4Good” listing because a digital search indicates the organization says it incorporates environmental or social impact as part of its business model. BBB has not verified these statements. For more information about our BBB4Good “Verified” and “Self-Identified” program for purpose-driven businesses, visit https://www.bbb.org/all/bbb4good.
Year, State Incorporated:
1918, CO
Also Known As:
Discover Goodwill of Southern & Western Colorado Goodwill Staffing Your Life Your Way Services Fresh Start Contract Services Things Forgotten Not Gone
Goodwill of Colorado helps transform lives by providing career placement, education and training through more than 30 programs and services assisting more than 127,000 Coloradans each year—including military veterans, seniors, youth, and individuals who have a disability or barrier to employment. For more than a century, Goodwill has supported Colorado communities and annually diverts more than 200 million pounds of donated items and nearly 400 tons of electronic devices from Colorado landfills. Goodwill of Colorado has also received GuideStar’s Platinum Seal for financial transparency and stewardship. To learn more about Goodwill of Colorado visit GoodwillColorado.org.
For the year ended December 31, 2023, Goodwill of Colorado's program expenses were:
| Retail | $121,886,000 |
| Community Impact Operations | $17,475,000 |
| Contracts | $12,143,000 |
| Total Program Expenses | $151,504,000 |
Chief Executive
Karla Grazier, President/CEO
Compensation*
$632,153
Chair's Profession / Business Affiliation
Not disclosed
Board Size
31
Paid Staff Size
3168
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Radio, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.), Solicitations for Used Clothing
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Goodwill of Colorado's audited financial statements - consolidated for the year ended December 31, 2023.
Source of Funds
| Contributions | $90,173,000 |
| Net Sales | $59,717,000 |
| Rehabilitation Fee Revenue | $19,830,000 |
| Contract Revenue | $14,412,000 |
| Investment Income | $6,480,000 |
| Other Income | $-1,323,000 |
| Total Income | $189,289,000 |
Programs: 90% Fundraising: 1% Administrative: 9%
| Total Income | $189,289,000 |
| Total expenses: | $167,470,000 |
| Program expenses | $151,504,000 |
| Fundraising expenses | $1,041,000 |
| Administrative expenses | $14,925,000 |
| Other expenses | $0 |
| Income in Excess of Expenses | $21,819,000 |
| Beginning Net Assets | $179,463,000 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $201,282,000 |
| Total Liabilities | $87,024,000 |
| Total Assets | $288,306,000 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Standards Not Met
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Review in Progress
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Report completed by:
BBB of Southern Colorado