Good News for Life Inc

Analysis

Good News for Life Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in May 1999, 27 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 for Life Inc reported income of $157k and spending of $136k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $147k to $157k (+7.2%), an average of +3.5% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good News for Life Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Crestone Eagle Community Media ($157k), Feeding Incorporated ($157k) and Taylor 4-H and Ffa Booster Club ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. At year end it held assets of $307k against liabilities of $28k, net assets of $278k.