Goodnews Outreach Go Inc

Analysis

Goodnews Outreach Go Inc is a registered charity in United States, based in London, KY. It received its IRS tax-exemption ruling in February 2020, 6 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, Goodnews Outreach Go Inc reported income of $222k and spending of $156k, leaving 30% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $164k to $222k (+35%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Goodnews Outreach Go Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Mother of Incarnate Wisdom House of Prayer Inc ($222k), Hillel the Foundation for Jewish Campus Life ($222k) and Ministerio Gloria de Sion Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $8,400. At year end it held assets of $60k against liabilities of $11k, net assets of $49k.