Good News Center Inc

Analysis

Good News Center Inc is a registered charity in United States, based in Belle Chasse, LA. It received its IRS tax-exemption ruling in September 1949, 77 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good News Center Inc reported income of $203k and spending of $222k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $203k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good News Center Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include Jason Kinzler Family First Foundation ($203k), Teach & Learn Childcare Inc ($203k) and Society of St Vincent de Paul Dist Council of Lafayette Indiana Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. Other salaries and wages came to $25k. At year end it held assets of $2.1m against liabilities of $16k, net assets of $2.1m. It reported 1 employees.