Its Good to Know Inc

Analysis

Its Good to Know Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2005, 21 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, Its Good to Know Inc reported income of $973k and spending of $922k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $973k (+207%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Its Good to Know Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Precious Stones Academy Inc ($973k), Door of Hope Ministry Inc ($974k) and Turkish Connections International ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $71k (7.7% of expenses). Other salaries and wages came to $135k. It paid $21k in professional fundraising fees. At year end it held assets of $604k against liabilities of $13k, net assets of $591k. It reported 4 employees.