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Massachusetts · Nonprofit

Morgan Memorial Goodwill Industries Inc

Morgan Memorial Goodwill Industries Inc (Massachusetts) receives grants from 82 organizations whose IRS filings report $4,810,649 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,530,710). 59 of them have funded it in more than one year.

Revenue FY2025
$41M
Funders on record
82
Grants received
$4.8M
Net assets
$56M
59/82 repeat funderspeak grant-dependency 3%
01What it does

What Morgan Memorial Goodwill Industries Inc does

Mission

The mission of Morgan Memorial Goodwill Industries (Goodwill) is to help individuals with barriers to self-sufficiency to achieve independence and dignity through work. Not charity, but a chance.

As stated on its FY2025 Form 990.

Programs

  1. Schedule O: Job Training and Career ServicesGoodwill is a community-based nonprofit organization and a leading provider of job training and career services in Massachusetts. Goodwill's mission services help individuals who face barriers to self-sufficiency prepare for the workplace, find jobs and advance in order to support themselves and their families. In the year ending June 30, 2024, Goodwill served 6,634 individuals through its mission services.Placement-oriented job training programs enrolled 242 individuals considered hardest to employ, offering case management, job skills and job readiness training, on-the-job training, placement and post placement services. These trainees included individuals with limited work histories and low educational attainment, citizens returning from correction, victims of domestic violence, and those with developmental and other disabilities. Goodwill's social enterprises provided work experience and a paycheck to 173 individuals in retail and housekeeping/maintenance. (The retail program is described in Part III, Line 4b).MassHire Boston Career Center, the one-stop career center Goodwill operates, assisted 6,195 individuals with career services…

    $7,558,313 spent$9,969,372 earned by the program
    27% of program spending
  2. Schedule O: Retail ProgramThe retail program is a social enterprise that benefits the community by providing jobs and job training for individuals with barriers to self-sufficiency and making quality, low-cost goods available at affordable prices. In the year ending June 30, 2024, Goodwill's retail program operated 15 stores and collected donations at an additional 14 sites throughout Massachusetts. The retail program provided jobs and job training opportunities in collecting, processing, merchandising and selling donated goods. It also offered community members a convenient way to recycle clothing and household goods and created economic vitality in the communities in which stores and operations are located.Form 990, Part IV, Lines 12a-12b, and 34:Related Tax-Exempt EntityMorgan Memorial Goodwill Industries, Inc. established Goodwill Headquarters, Inc., a 501(c)(3) organization, in May 2010 as a supporting organization for Morgan Memorial Goodwill Industries, Inc.

    $20,571,729 spent$16,249,173 earned by the program
    73% of program spending

The 2 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $28,130,042.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($28M) Expenses 100 ($26M) Net assets 100 ($33M)2018 Revenue 97 ($27M) Expenses 102 ($27M) Net assets 85 ($28M)2019 Revenue 104 ($29M) Expenses 105 ($28M) Net assets 91 ($30M)2020 Revenue 104 ($29M) Expenses 118 ($31M) Net assets 91 ($30M)2021 Revenue 101 ($28M) Expenses 103 ($27M) Net assets 110 ($36M)2022 Revenue 129 ($36M) Expenses 115 ($30M) Net assets 114 ($37M)2023 Revenue 125 ($35M) Expenses 126 ($33M) Net assets 126 ($41M)2024 Revenue 139 ($39M) Expenses 128 ($33M) Net assets 149 ($49M)2025 Revenue 147 ($41M) Expenses 138 ($36M) Net assets 172 ($56M)
'17'18'19'20'21'22'23'24'25
Revenue (147)Expenses (138)Net assets (172)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $45M to $62M (+39%).

$35M
$35M
$37M
$38M
$47M
$45M
$62M
$73M
$79M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2022 9% · 2023 2% · 2024 1% · 2025 2%. Grants only. Government contracts and fees sit inside program revenue.

29% of Morgan Memorial Goodwill Industries Inc’s revenue is contributions — more donation-reliant than the typical peer (13% for the typical peer).

This organization
Typical peer · 458 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$2.0M
’17
$665k
’18
$1.7M
’19
−$1.5M
’20
$1.4M
’21
$6.3M
’22
$2.3M
’23
$5.7M
’24
$5.2M
’25
4.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Joanne K Hilferty

President & CEO

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed243125252120212120
Joined·+9+2+3+4+0+4+4+5
No longer listed·28381346
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 20 funders to 36 funders, grant income rose $386k → $489k.

12 of 82 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 47% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Morgan Memorial Goodwill Industries Inc’s funders (the co-funder graph). Top 30 of 82 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Morgan Memorial Goodwill Industries Inc has a broad base — no single funder exceeds 32% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

53% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Morgan Memorial Goodwill Industries Inc.

32%
largest funder
46%
top three
~8
effective funders

Largest funder’s share by year: 2017 36% · 2018 34% · 2019 48% · 2020 30% · 2021 31% · 2022 32% · 2023 41% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

48% of Morgan Memorial Goodwill Industries Inc's funders are still giving 3 years after their first grant; 72% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

50% of Morgan Memorial Goodwill Industries Inc's grant income comes from Massachusetts funders.

NH
MN
IL
NY
MA
IA
PA
NJ
CT
RI
MO
VA
MD
DE
NC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. $2.2M arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Morgan Memorial Goodwill Industries Inc runs a healthier operating margin than three-quarters of the 290 employment nonprofits its size.

Operating margin13% · top quartile
Months of reserve4.3mo · above the median
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 290 employment nonprofits $10M–$100M, FY2025

Government funding Morgan Memorial Goodwill Industries Inc receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $35.2M on record.

Federal$35.2M
grants $1.6Mcontracts $33.6M
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Defense$33.4M
  • Department of Commerce$1.6M
  • General Services Administration$105k
  • Department of Veterans Affairs$79k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Morgan Memorial Goodwill Industries Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

84% of spending goes to programs.

Program 84%Management 14%Fundraising 2%

Governance

13
board members
92%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

92%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 12 states

ME
NH
NY
MA
OH
PA
CT
RI
CA
MD
NC
FL

Part of a family of 3 related entities

  • Hfy LLC · disregarded
  • Goodwill Headquarters Inc · exempt
  • Split Interest Trust · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for Morgan Memorial Goodwill Industries Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Morgan Memorial Goodwill Industries Inc?
Morgan Memorial Goodwill Industries Inc (Massachusetts) receives grants from 82 organizations whose IRS filings report $4,810,649 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($1,530,710). 59 of them have funded it in more than one year.
How many funders does Morgan Memorial Goodwill Industries Inc have?
IRS filings report 82 organizations giving $4,810,649 in grants to Morgan Memorial Goodwill Industries Inc, 59 of which have funded it in more than one year.
Who is the largest funder of Morgan Memorial Goodwill Industries Inc?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $1,530,710 in grants. The full list of funders is on this page.
How can an organization like Morgan Memorial Goodwill Industries Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Morgan Memorial Goodwill Industries →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 82 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing