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Charity Math
The 990 read · EIN 84-0513404 · CO · Fiscal year 2024

Goodwill of Colorado

Goodwill of Colorado: CEO salary, finances and where donations go

In its own words

“Goodwill of Colorado is one part of three consolidated entities (foundation & goodwill industrial services corp.) dedicated to helping elevate the lives of individuals…”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$641K Karla Grazier, 0.4% of spending
Revenue
$183.4M 49.8% from donations and grants
Spent
$162.5M 90.7% on programs, as reported
Net assets
$196.2M end of 2024
Savings
14.5 months of spending, net assets ÷ spending
People
6,108 employees, 5,270 volunteers
Form 990 (2024), Parts I, VII, IX, X
01 · Red flags

1 thing to look at.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

low

Business transactions with insiders or their companies

Part IV line 28b answered yes.

Form 990 Part IV, lines 28a–28c; Schedule L Part IV
02 · Where $1 goes · 2024

Of each dollar it spent, 90.7¢ went to programs, as reported.

The split the charity filed.
90.7¢
Programs, $147.3M
0.0¢
Fundraising, $0K
9.3¢
Admin, $15.1M
Form 990 (2024), Part IX, line 25
Cost to raise $1
0¢
as reported

For each dollar donated, Goodwill of Colorado spent 0¢ on fundraising.

Fundraising ÷ $91.3M contributions · Form 990 Parts VIII, IX
03 · What it does

What it told the IRS it spent on.

The charity's own description of its largest programs, with what each cost.

Program 1 · 13.5% of program spending $19.9M

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…

Program 2 · 1.5% of program spending $2.2M

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.

Form 990 (2024), Part III
04 · The savings

Net assets: $31.6M to $196.2M in 11 years.

Net assets at each fiscal year end, 2013 to 2024.

Net assets at year end, $ millions
32
36
39
41
46
51
101
97
131
158
175
196
Form 990 history via ProPublicaForm 990 (2024)
05 · Who gets paid

The 8 highest-paid people.

Reportable pay in 2024, from the charity and related organizations.

Karla Grazier
President/CEO
$641,384
Tim Cooper
COO - Chief Oper. Officer
$274,385
Thomas Wildenberg
CFO
$257,087
Gary Smith
Cmo
$217,156
Alison Mcgilchrist
VP Marketing and Development
$203,077
Sara Agre
VP-Strategic Planning
$183,847
Shery Richer
Director Iii, Retail Op
$174,849
Heather Berens
Director Ii, Finance
$142,385
Form 990 (2024), Part VII, Section A
06 · Questions

The questions people ask about the Goodwill of Colorado.

Short, sourced answers. Each one stands on its own.

How much does the Goodwill of Colorado CEO make?

Karla Grazier, President/CEO, received $641,384 in reportable compensation in 2024, 0.4% of Goodwill of Colorado's $162.5M in spending.

Form 990 (2024), Part VII

What percentage of Goodwill of Colorado donations go to programs?

Goodwill of Colorado reported 90.7% of 2024 spending as programs, 0% as fundraising and 9.3% as management.

Form 990 (2024), Part IX

How much money does Goodwill of Colorado have?

Net assets were $196.2M at the end of 2024, about 14.5 months of spending.

Form 990 (2024), Part X

Does Goodwill of Colorado have any red flags in its filing?

Its latest Form 990 triggered 1 of our twelve screening rules: business transactions with insiders or their companies. A flag is a prompt for a closer look, not a finding of wrongdoing.

Form 990 (2024)
07 · Sources and citing

Every number, traced.

  1. Goodwill of Colorado Form 990, 2024 (IRS e-file)
  2. Goodwill of Colorado Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “Goodwill of Colorado: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/goodwill-of-colorado/