Heralds of Good News of St Paul Inc

Analysis

Heralds of Good News of St Paul Inc is a registered charity in United States, based in Alice, TX. It received its IRS tax-exemption ruling in March 1946, 80 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, Heralds of Good News of St Paul Inc reported income of $664k and spending of $724k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $516k to $664k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 43%. 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, Heralds of Good News of St Paul Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Miller Child Development Center ($664k), Walkaway Foundation ($664k) and Kansas Press Association ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.