Good News Outreach Inc

Analysis

Good News Outreach Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 1995, 31 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 Outreach Inc reported income of $971k and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $792k to $971k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good News Outreach Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Fresh Start Outreach Ministries ($971k), The Learning Circle Daycare ($971k) and United Chinese Association of Brooklyn Inc ($971k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $262k (24% of expenses). At year end it held assets of $2.6m against liabilities of $1.3m, net assets of $1.3m. It reported 5 employees.