Good Counsel Inc

Analysis

Good Counsel Inc is a registered charity in United States, based in Secaucus, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Counsel Inc reported income of $5.0m and spending of $5.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $5.0m (-2.6%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Counsel Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Concerned Home Managers for the Elderly Inc ($5.0m), Northeast Placement Services Inc ($5.0m) and Inspiration Corporation ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $434k (7.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $5.2m against liabilities of $375k, net assets of $4.8m. It reported 67 employees.