Good News Ministries of Tampa Bay Inc

Analysis

Good News Ministries of Tampa Bay Inc is a registered charity in United States, based in Riverview, FL. It received its IRS tax-exemption ruling in June 1996, 30 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, Good News Ministries of Tampa Bay Inc reported income of $158k and spending of $152k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $158k (+7.8%), an average of +7.8% a year. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good News Ministries of Tampa Bay Inc sits at the 58th percentile: it is larger than about 58% 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 Hebrew Free Loan Assoc of San Antonio ($158k), Betts Ministries ($158k) and Community Center of Lakewood Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $53k against liabilities of $451, net assets of $53k.