Goforth Media Inc

Analysis

Goforth Media Inc is a registered charity in United States, based in Spanish Fort, AL. It received its IRS tax-exemption ruling in December 1987, 39 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 December 2023, Goforth Media Inc reported income of $707k and spending of $720k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $553k to $707k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goforth Media Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within AL. Charities of a similar size with the same main cause include Leadership Council San Mateo County ($707k), Hebrew Free Loan of San Diego ($707k) and Volunteers of America Inc ($707k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $332k. At year end it held assets of $557k against liabilities of -$3,645, net assets of $561k. It reported 10 employees.