Good News Radio Broadcasting Inc

Analysis

Good News Radio Broadcasting Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in June 1995, 31 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 Radio Broadcasting Inc reported income of $292k and spending of $344k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $458k to $292k (-36%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 170% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good News Radio Broadcasting 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 61st percentile, and in the 59th percentile within AZ. Charities of a similar size with the same main cause include Agape Love Global Ministries Inc ($292k), Punto de Encuentro ($292k) and Cultural Center of India Richmond Virginia ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. Other salaries and wages came to $129k. At year end it held assets of $4.9m against liabilities of $10k, net assets of $4.9m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.