Good News Communications Inc

Analysis

Good News Communications Inc is a registered charity in United States, based in Camarillo, CA. It received its IRS tax-exemption ruling in April 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Good News Communications Inc reported income of $2.6m and spending of $2.8m, spending 106% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $2.0m to $2.6m (+30%), an average of +9.2% a year. The sharpest change came in the year to August 2023, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good News Communications Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include North Dakota High School Activities Association ($2.6m), Montessori Academy at Edison Lakes Inc ($2.6m) and Southwestern College Foundation ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $366k (13% of expenses). Other salaries and wages came to $670k. At year end it held assets of $3.6m against liabilities of $146k, net assets of $3.5m. It reported 21 employees.