Good News Home Inc

Analysis

Good News Home Inc is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Home Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $840k to $1.1m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Good News Home Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Acceptance Recovery Center Inc ($1.1m), Lumberton Rescue and Emergency Medical Service Inc ($1.1m) and Wellness in the Woods Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $106k (9.5% of expenses). Other salaries and wages came to $546k. At year end it held assets of $893k against liabilities of $139k, net assets of $754k. It reported 29 employees.