Good News Partners

Analysis

Good News Partners is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Good News Partners reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $1.7m (+7.2%), an average of +1.8% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Good News Partners sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Lynnfield Initiatives for Elders Inc ($1.7m), Sojourner House Moms ($1.7m) and Grit Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $85k (5.1% of expenses). Other salaries and wages came to $580k. At year end it held assets of $5.0m against liabilities of $3.9m, net assets of $1.1m. It reported 29 employees.