Good News Club Ministries International Inc

Analysis

Good News Club Ministries International Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2007, 19 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 Club Ministries International Inc reported income of $141k and spending of $296k, spending 209% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $295k to $141k (-52%), an average of -22% a year. The sharpest change came in the year to December 2021, when income dropped by 40%. Over the whole period it spent 142% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good News Club Ministries International Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include CPC of the WMM - Calhoun Ga - One Inc ($141k), Anshei Lubavitch Inc ($141k) and House of David Christian Ministries Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (15% of expenses). Other salaries and wages came to $433. At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.