Goodnews Messengers Inc

Analysis

Goodnews Messengers Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodnews Messengers Inc reported income of $184k and spending of $242k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $198k to $184k (-7.1%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodnews Messengers Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Society of American Military Engineers ($184k), Keystone Athletic Booster Club ($185k) and Saint Matthews Cathedral Endowment Fund Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Other salaries and wages came to $68k. At year end it held assets of $1.5m against liabilities of $8,662, net assets of $1.5m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.