Good Friend Ministries

Analysis

Good Friend Ministries is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Good Friend Ministries reported income of $192k and spending of $196k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $229k to $192k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good Friend Ministries sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Iglesia Vida a Las Naciones ($192k), Paideia US Inc ($192k) and Turning the Hearts Ministries ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $137k. At year end it held assets of $204k against liabilities of $2,744, net assets of $201k. It reported 1 employees.