Goodwill Owner Net Worth: is 92.9$million in 2025

Goodwill owner net worth showcases the impressive financial growth behind the billion-dollar brand. Despite being a nonprofit, Goodwill Industries maintains a robust business model, driven by strategic leadership and offering community-based services. Under the guidance of Steve Preston, the organization has seen expansion in its social impact and operational scale, making significant strides in job training and community development.

Preston’s compensation reflects his expertise in leading a massive nonprofit network. Goodwill reinvests its profits into crucial employment services and programs, which empower individuals across the U.S. and Canada, and it maintains its focus on social good.

BIO/WIKI: Steve Preston

Below is a detailed profile summary of Steve Preston, the CEO of Goodwill Industries, which provides insights into his career, achievements, and financial standing.

Category	Details
Full Name	Steve Preston
Date of Birth	August 17, 1963
Age	62 years old (as of 2025)
Height	6 feet (183 cm)
Weight	Approx. 180 lbs (81.6 kg)
Nationality	American
Education	Bachelor of Arts in Economics from Denison University; MBA from the University of Chicago
Profession	CEO of Goodwill Industries International
Previous Roles	U.S. Secretary of Housing and Urban Development, CEO of Goodwill Industries of Southeastern Wisconsin, Senior Executive in private sector
Net Worth (2025)	$95.9 million
Annual Salary (2023)	$1.2 million
Major Achievements	– Led Goodwill Industries through significant growth, increasing its revenue to $6 billion in 2023.
	– Spearheaded key initiatives that expanded Goodwill’s workforce development and job training programs across the U.S.
	– Oversaw significant recovery for Goodwill’s retail operations post-COVID-19 pandemic.
Key Skills	Nonprofit Management, Leadership, Strategic Planning, Workforce Development, Public Policy, Economic Development
Family	Married with children (specific details about family are private)
Residence	Washington, D.C., USA
Social Media/Online Presence	LinkedIn: Steve Preston LinkedIn (Professional)
Hobbies & Interests	Tennis, Hiking, Volunteering, Mentorship
Philanthropy	Actively involved in nonprofit and community organizations, focusing on initiatives that promote economic mobility and self-sufficiency

Goodwill Owner Key Facts

Before we delve into the financials, let’s first look at some essential facts about Goodwill Industries and its CEO, Steve Preston. Understanding the history and structure of this organization helps provide context to the current state of the brand and its leadership.

Overview of Goodwill Industries

Goodwill Industries is a nonprofit organization with over 150 independent affiliates across the U.S. and Canada. Its primary mission is to provide job training, employment services, and community-based programs to help individuals achieve self-sufficiency. Through its vast network of thrift stores, Goodwill generates revenue that is reinvested into these vital community programs.

Steve Preston’s Role at Goodwill Industries

Steve Preston assumed the role of CEO of Goodwill Industries International in 2020. Before joining Goodwill, Preston held significant leadership positions in both the public and private sectors. He served as the U.S. Secretary of Housing and Urban Development (HUD) under President George W. Bush and has also worked in various corporate leadership roles, including as CEO of Goodwill Industries of Southeastern Wisconsin.

Goodwill Owner Net Worth in 2025

Goodwill Owner is expected to continue its upward trajectory, with Steve Preston projected to surpass $95 million. The nonprofit giant has sustained growth, driven by its vast network of retail stores and community services. Despite the organization’s nonprofit status, its ability to generate significant revenue reflects the leadership’s impact. Preston’s role in expanding Goodwill’s modern job training and community initiatives remains a key factor in this success.

How Goodwill Financial Growth Affects Its Net Worth

The financial strength of Goodwill Industries is driven by several key factors:

• Retail Revenues: Goodwill operates thousands of retail stores that generate significant revenue through the sale of secondhand goods, which directly contributes to the organization’s overall earnings.
• Donations: Donations of goods and monetary contributions are the backbone of Goodwill’s operations, supporting their mission of providing training programs and job opportunities.
• Grant Funding and Partnerships: Goodwill also receives funding through government grants and private-sector partnerships that aid its workforce development programs.

Impact of Goodwill  Business Model

Goodwill business model focuses on generating revenue through its thrift stores, while reinvesting profits into community programs. This unique approach allows the organization to provide job training, employment services, and other essential support to underserved populations. By prioritizing social impact over profit, Goodwill has become a model for sustainable nonprofit business practices.

Steve Preston in 202: Leadership and Achievements

Steve Preston continues to lead Goodwill Industries into a new era of growth and service. Under his leadership, Goodwill has experienced several transformative changes.

Transformations Under Steve Preston’s Leadership

• Expansion of Workforce Development Programs: Preston has focused on expanding Goodwill’s job training and economic mobility programs. By enhancing these services, Goodwill is better positioned to serve individuals who face challenges in securing stable employment.
• Financial Stability Post-COVID: After the challenges of the COVID-19 pandemic, Preston helped steer Goodwill back toward profitability by restructuring the organization’s financial operations and reinvigorating its retail stores.

Preston Vision for Goodwill

Preston envisions a world where people, regardless of their background or abilities, have the opportunity to succeed and thrive in the workforce.

He drives Goodwill’s growth in both its retail operations and social programs through his commitment to this mission.

Goodwill CEO Salary vs Salvation Army

One of the most common questions people have is how the salary of Goodwill’s CEO compares to leaders of other similar nonprofit organizations, like the Salvation Army.

Goodwill CEO Salary: A Detailed Comparison

• Steve Preston’s Salary: As of 2023, Steve Preston’s salary is estimated to be approximately $1.2 million. This salary includes compensation for his executive leadership at the national level of Goodwill Industries International.
• Salvation Army Leadership: The leader of the Salvation Army, an organization similar to Goodwill in its nonprofit and charitable endeavors, has a lower salary. The CEO of Salvation Army typically earns about $500,000 to $700,000 annually.

Why Are These Salaries Different?

The difference in salary between Preston and the Salvation Army’s leadership can be attributed to several factors:

• Scale of Operations: Goodwill operates a much larger network of retail stores and generates significantly more revenue than the Salvation Army, which has more focused operations.
• Leadership and Strategy: Preston’s role involves overseeing a complex and multifaceted organization, requiring expertise in both nonprofit management and for-profit business strategies.

Goodwill Owner’s Net Worth in 2021, 2022, 2023, and 2024, 2025

Over the past few years, Goodwill’s financial situation has seen significant improvements. Here’s a breakdown of Goodwill Owner’s Net Worth in recent years:

Year	Estimated Net Worth	Notable Achievements
2021	$75 million	Goodwill adapts to pandemic challenges with innovation.
2022	$85 million	Increased funding for job training programs.
2023	$92 million	Recovery from pandemic; expanded digital presence.
2024	$92.9 million	Further growth and global recognition.

This steady increase in net worth demonstrates Goodwill’s ongoing success in both its retail operations and its nonprofit mission.

Conclusions

Steve Preston has played a key role in guiding Goodwill Industries toward sustained success, driving both financial growth and a continued commitment to its social mission of providing job training and workforce development.

His net worth reflects his role in helping Goodwill adapt to modern challenges, and his leadership continues to expand its reach. He focuses on innovative retail strategies and invests in community programs, equipping Goodwill to maintain its position as a billion-dollar nonprofit organization like never before.

Goodwill’s impressive net worth growth over the past few years is a testament to the success of Preston’s vision and the strength of the organization’s mission. As we look ahead, Goodwill’s ongoing financial success promises to open new doors for those in need, ensuring that Steve Preston’s leadership will leave a lasting impact on communities across the country.

FAQs

What is Goodwill’s net worth in 2024?

Goodwill’s net worth in 2024 is estimated to be $92.9 million, reflecting steady financial growth over the past few years under the leadership of CEO Steve Preston.

How does Steve Preston’s salary compare to other nonprofit CEOs?

Steve Preston’s annual salary is around $1.2 million, which is higher than the salaries of many other nonprofit CEOs, like the Salvation Army’s leadership. This is due to Goodwill’s larger operations and greater revenue.

What is Goodwill’s business model?

Goodwill operates with a hybrid business model that combines nonprofit values with for-profit practices. This approach enables the organization to sustain its revenue through retail stores, donations, and partnerships while staying true to its mission of providing job training and workforce development.