Heralds of Good News Missionary Society Inc

Analysis

Heralds of Good News Missionary Society Inc is a registered charity in United States, based in Leitchfield, KY. It received its IRS tax-exemption ruling in March 1946, 80 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, Heralds of Good News Missionary Society Inc reported income of $97k and spending of $209k, spending 215% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $97k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 496%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heralds of Good News Missionary Society Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within KY. Charities of a similar size with the same main cause include Vietnamese United Buddhist Churches ($97k), Seven Ray Institute Inc ($97k) and The Heads Up Youth Foundation Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.