Good News Radio Inc

Analysis

Good News Radio Inc is a registered charity in United States, based in Fisher, IL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Good News Radio Inc reported income of $870k and spending of $839k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $495k to $870k (+76%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Good News Radio Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include American Sewing Guild Inc ($870k), Canton Palace Theater Association ($870k) and Oxnard Performing Arts Center Corporation ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $96k (11% of expenses). Other salaries and wages came to $132k. At year end it held assets of $1.3m against liabilities of $680k, net assets of $645k. It reported 7 employees.