The Goodwill Owner net worth is often misunderstood due to the nonprofit structure of Goodwill Industries International. Unlike traditional businesses, Goodwill does not have a single owner profiting from its revenue. Instead, it reinvests all earnings into its charity services, community initiatives, and employment programs.
The organization’s financial growth is overseen by its CEO, Steve Preston, who earns a competitive salary but does not own the nonprofit. Goodwill has been pivotal in job training and community support, leveraging its $6.1 billion revenue in 2024. Understanding the role of the Goodwill Owner is crucial to appreciating how nonprofits like this achieve economic development and social impact simultaneously.
Profile Summary
| Attribute | Details |
| Organization Name | Goodwill Industries International |
| Founded | 1902 |
| Headquarters | Rockville, Maryland, USA |
| Revenue (2024) | $6.1 billion |
| Net Worth | $1.2 million |
| CEO (2024) | Steve Preston |
| CEO Base Salary (2024) | $350,200 |
| CEO Total Compensation | $1.19 million |
| Steve Preston Net Worth | $92.9 million (2024) |
| Employees | Over 100,000 worldwide |
| Global Reach | U.S. and Canada |
| Mission | Provide job training, employment services, and community support programs |
| Charity Allocation | 88% of revenue reinvested into programs |
| Nonprofit Status | Yes, with profits reinvested into community initiatives |
Goodwill Owner Key Facts
Founded in 1902, Goodwill Industries International is headquartered in Rockville, Maryland, USA. As a nonprofit network, it does not have an owner but is managed by a board of directors. It focuses on community service, job training, and employment services across the U.S. and Canada.
Unlike a typical business, all of Goodwill’s earnings are reinvested into social programs, community initiatives, and nonprofit activities. With over 100,000 employees, Goodwill remains a global leader in charity accomplishments and nonprofit earnings.
Who is the Current CEO of Goodwill?
Since 2020, Steve Preston has served as the CEO of Goodwill Industries International. He has a background in both public and private sectors, making him a strong leader in nonprofit management. Under his leadership, Goodwill has seen financial growth, business expansion, and revenue increase.
His focus on job training and social programs has helped millions across the U.S. and Canada. Steve Preston has been instrumental in Goodwill’s nonprofit achievements and organizational impact.
Goodwill Owner Net Worth Forbes
Unlike a traditional company, Goodwill Industries International does not generate profit for an owner. Instead, it operates as a nonprofit organization, with 88% of its revenue allocated to charity. This means there is no “owner net worth.”
Its financial success is measured by its goodwill valuation, nonprofit revenue, and the effectiveness of its charity services and community initiatives. Forbes has reported that while Goodwill generates billions in revenue, its focus remains on employment programs and nonprofit growth.
Steve Preston in 2025
By January 8, 2025, Steve Preston’s net worth is estimated at $92.9 million, up from $83.6 million in 2023. His base salary in 2024 is $350,200, while his total CEO compensation reaches $1.19 million. His financial progress mirrors Goodwill’s economic development and nonprofit expansion. Preston‘s expertise in executive leadership, nonprofit management, and organizational guidance has significantly contributed to Goodwill’s continued success.
Goodwill CEO Salary vs Salvation Army
Comparing nonprofit CEO salaries reveals significant differences. While Steve Preston earns $1.19 million in 2024, Salvation Army executives have a salary cap of $300,000. Other nonprofit CEOs, like Steven Lufburrow of Goodwill Houston, earned $904,675 in 2024, and Jim Gibbons, a former Goodwill CEO, earned $733,642 in 2011. These figures highlight the differences in charity leader salaries and the challenges of balancing executive earnings and nonprofit activities.
Goodwill Owner Net Worth in 2021, 2022, 2023, 2024
Between 2021 and 2024, Goodwill Industries International experienced financial growth. Steve Preston’s salary in 2021 was $598,300, increasing with his responsibilities. The organization expanded its business assets, nonprofit earnings, and charity services, resulting in a stable goodwill valuation. With a steady rise in company worth and asset valuation, Goodwill remains a leader in charity accomplishments and nonprofit success.
FAQ’s
Does the CEO of Goodwill make a lot of money?
Yes, Steve Preston earns a total CEO compensation of $1.19 million in 2024, which includes a base salary of $350,200. This reflects the complexity of managing a global nonprofit with $6.1 billion in revenue.
Is Goodwill CEO a billionaire?
No, Steve Preston’s net worth in 2024 is $92.9 million, far from billionaire status. His earnings come from nonprofit leadership and executive salary rather than personal profit from Goodwill.
Who currently owns Goodwill?
Goodwill Industries International has no owner. It operates as a nonprofit organization, governed by a board of directors. All revenue is reinvested into community initiatives and social programs.
How much does Goodwill pay to charity?
Approximately 88% of Goodwill’s revenue goes directly into charity services, employment programs, and nonprofit activities.
Why is Goodwill so expensive now?
Rising costs in business operations, donation processing, and nonprofit growth have contributed to higher prices. Additionally, demand for second-hand goods and sustainable shopping has increased, influencing Goodwill’s pricing strategy.
Conclusions
The Goodwill Owner Net Worth debate often leads to confusion. Since Goodwill is a nonprofit network, it does not generate private profits for an owner. Instead, its focus remains on charity services, nonprofit revenue, and community impact. Steve Preston, as the CEO, earns a competitive executive salary, but his financial progress is tied to organizational impact and nonprofit success.
Goodwill continues to be a leader in employment programs and nonprofit valuation, ensuring that its financial strategies align with its mission to serve communities across the U.S. and Canada.
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