Good News Radio

Analysis

Good News Radio is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in December 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Good News Radio reported income of $2.3m and spending of $1.6m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.3m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good News Radio sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Westside Housing Organization Inc ($2.3m), MHHC Foundation Inc ($2.3m) and New Song Community Learning Ctr Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $108k (6.8% of expenses). Other salaries and wages came to $401k. It paid $30k in professional fundraising fees. At year end it held assets of $6.9m against liabilities of $100k, net assets of $6.8m. It reported 8 employees.