Good News Mission Inc

Analysis

Good News Mission Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1957, 69 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Good News Mission Inc reported income of $3.1m and spending of $3.1m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $3.1m (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Good News Mission Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Sheffield Place ($3.1m), Front Porch Housing ($3.1m) and Community Capital New York Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $89k (2.8% of expenses). Other salaries and wages came to $910k. At year end it held assets of $5.3m against liabilities of $105k, net assets of $5.2m. It reported 52 employees.