Good News Worldwide

Analysis

Good News Worldwide is a registered charity in United States, based in Augusta, MO. It received its IRS tax-exemption ruling in November 2022, 4 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, Good News Worldwide reported income of $168k and spending of $214k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $168k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good News Worldwide 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 50th percentile, and in the 47th percentile within MO. Charities of a similar size with the same main cause include Oregon Scottish Rite Education Foundation Inc ($168k), Pitt County Coalition on Substance Abuse ($168k) and Little League Baseball Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $46k (21% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.2m against liabilities of $790, net assets of $1.2m. It reported 4 employees.