Good News Unlimited

Analysis

Good News Unlimited is a registered charity in United States, based in Lincoln, CA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Unlimited reported income of $54k and spending of $49k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $67k to $54k (-19%), an average of -10% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Good News Unlimited sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Zen and Now Clay Studio Cooperative ($54k), Midway Museum Incorporated ($55k) and Honesdale Roots and Rhythm Music and Arts Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $25k (51% of expenses). At year end it held assets of $65k against liabilities of $0, net assets of $65k.