Good News in Action Inc

Analysis

Good News in Action Inc is a registered charity in United States, based in Albany, LA. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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 in Action Inc reported income of $770k and spending of $1.1m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $770k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good News in Action Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Shands Jacksonville Community Services Inc ($770k), West Seneca Youth Hockey Association Inc ($770k) and Habitat for Humanity International Inc ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (11% of expenses). At year end it held assets of $336k against liabilities of $0, net assets of $336k. It reported 2 employees.