Good News Broadcasting Network Inc

Analysis

Good News Broadcasting Network Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Broadcasting Network Inc reported income of $266k and spending of $386k, spending 145% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $385k to $266k (-31%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 256%. Over the whole period it spent 33% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good News Broadcasting Network Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within AZ. Charities of a similar size with the same main cause include Holy Rosary Land Holdings Inc ($266k), Yod Associates Inc ($266k) and Supernatural Marriage Ministries ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.