Good Faith Media

Analysis

Good Faith Media is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in May 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Good Faith Media reported income of $2.1m and spending of $1.5m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $539k to $2.1m (+282%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 175%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good Faith Media sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OK. Charities of a similar size with the same main cause include Independent Living Resources of Greater Birmingham Inc ($2.1m), Foodwise Community ($2.1m) and CHS Endowment Foundation Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $272k (19% of expenses). Other salaries and wages came to $505k. At year end it held assets of $914k against liabilities of $80k, net assets of $834k. It reported 11 employees.