Good News Shelter Corporation

Analysis

Good News Shelter Corporation is a registered charity in United States, based in LA Grange, KY. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Shelter Corporation reported income of $329k and spending of $310k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $457k to $329k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Good News Shelter Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include Sr Louise Demarillac Corporation ($329k), Ucc XX Inc ($329k) and Highland Lutheran Senior Housing Inc ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $62k (20% of expenses). Other salaries and wages came to $49k. At year end it held assets of $1.9m against liabilities of $22k, net assets of $1.9m. It reported 3 employees.