Its Going to Be Ok Inc

Analysis

Its Going to Be Ok Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Its Going to Be Ok Inc reported income of $457k and spending of $446k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $160k to $457k (+186%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Its Going to Be Ok Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Ruths Refuge Inc ($457k), Bread of Life ($457k) and Family Shelter of McCulloch County ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $15k (3.3% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 1 employees.