Journey for Good Foundation Inc

Analysis

Journey for Good Foundation Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Journey for Good Foundation Inc reported income of $733k and spending of $778k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $571k to $733k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Journey for Good Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Miracle of Agriculture Foundation ($733k), Doctor Theodore a Atlas Foundation Inc ($734k) and Pearlstone Family Fund Inc ($733k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $143k (18% of expenses). At year end it held assets of $636k against liabilities of $54k, net assets of $581k.