Good News for Life Inc

Analysis

Good News for Life Inc is a registered charity in United States, based in Hunlock Creek, PA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Good News for Life Inc reported income of $338k and spending of $361k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $338k (+2.2%), an average of +0.5% a year. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good News for Life Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Sure Foundation Ministries ($338k), Lore Family Ministries Inc ($338k) and Limmud Na ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $68k (19% of expenses). Other salaries and wages came to $103k. At year end it held assets of $807k against liabilities of $450, net assets of $806k. It reported 7 employees.