Good News Associates

Analysis

Good News Associates is a registered charity in United States, based in Clinton, WA. It received its IRS tax-exemption ruling in December 1998, 28 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 June 2024, Good News Associates reported income of $101k and spending of $109k, spending 108% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $128k to $101k (-21%), an average of -21% a year. The sharpest change came in the year to June 2024, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Good News Associates sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Koine Music Ministries Inc ($101k), St Michael Conference ($101k) and Praise Ministries Inc ($101k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 30% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.