Father Nadolny Good News Fund Inc

Analysis

Father Nadolny Good News Fund Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in May 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Father Nadolny Good News Fund Inc reported income of $271k and spending of $290k, spending 107% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $272k to $271k (-0.3%), an average of -0.1% a year. The sharpest change came in the year to January 2022, when income rose by 82%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Father Nadolny Good News Fund Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Friends of Alta Inc ($271k), Wildlife Research Institute ($271k) and Camp Maranatha Inc ($271k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $552k against liabilities of $0, net assets of $552k.