Good News Publishers

Analysis

Good News Publishers is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in March 1942, 84 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 May 2024, Good News Publishers reported income of $43.6m and spending of $37.2m, spending 85% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $21.2m to $43.6m (+105%), an average of +20% a year. The sharpest change came in the year to May 2024, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good News Publishers sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Landmark College Inc ($43.6m), Americas Charities ($43.6m) and Greater Wisconsin Agency on Aging Resources Inc ($43.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.5% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $3.5m (9.5% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $63.0m against liabilities of $18.2m, net assets of $44.8m. It reported 150 employees.