Good News Childrens Center Inc

Analysis

Good News Childrens Center Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Childrens Center Inc reported income of $998k and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $908k to $998k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good News Childrens Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Haven House Inc ($998k), Spiedie Fest Balloon Rally Expo Inc ($998k) and St Andrews Manor ($997k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $74k (6.9% of expenses). Other salaries and wages came to $618k. At year end it held assets of $300k against liabilities of $65k, net assets of $235k. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.