Journal Goodfellow Charities Inc

Analysis

Journal Goodfellow Charities Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in December 1973, 53 years ago. 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, Journal Goodfellow Charities Inc reported income of $182k and spending of $48k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $182k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Journal Goodfellow Charities Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IA. Charities of a similar size with the same main cause include Babylon Soccer Club Inc ($182k), Weingarten Volunteer Fire Department ($182k) and Healthcare Hospitality Network ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.