Good News Project Inc

Analysis

Good News Project Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2023, Good News Project Inc reported income of $731k and spending of $448k, leaving 39% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $439k to $731k (+67%), an average of +14% a year. The sharpest change came in the year to March 2022, when income rose by 77%. Over the whole period it spent 79% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Good News Project Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include The Abiding Hope Haitian Timoun Foundation ($731k), Mara Vision Outreach Programs ($731k) and Ankur International ($730k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $66k (15% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.3m against liabilities of $584k, net assets of $765k. It reported 5 employees.