Good Faith Media
EIN: 581522462 · Norman, OK
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Net Assets | $834K |
Is Good Faith Media Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Good Faith Media
Good Faith Media (EIN: 581522462) is a nonprofit organization based in Norman, OK. The organization reported total revenue of $1.4M and total assets of $796K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Faith Media's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Faith Media is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$605K |
| Total Assets | $914K |
| Total Liabilities | $80K |
| Net Assets | $834K |
| Operating Margin | 29.4% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 7.5 months |
Financial Health Grade: A
In 2023, Good Faith Media reported a surplus of $605K with revenue exceeding expenses, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Good Faith Media's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +102.0% | +2.5% | +158.6% |
| 2022 | -48.2% | +11.2% | -54.5% |
| 2021 | +174.9% | +65.4% | +428.1% |
| 2020 | +32.6% | -4.2% | +1.5% |
| 2019 | -35.5% | -10.7% | -64.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Good Faith Media has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Good Faith Media with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $605K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.8%.
Frequently Asked Questions about Good Faith Media
Is Good Faith Media a legitimate charity?
Good Faith Media (EIN: 581522462) is a registered tax-exempt nonprofit based in Oklahoma. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: A.
How does Good Faith Media spend its money?
Good Faith Media reported $1.4M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Good Faith Media tax-deductible?
Good Faith Media is registered as a tax-exempt nonprofit (EIN: 581522462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Good Faith Media located?
Good Faith Media is headquartered in Norman, Oklahoma and files with the IRS under EIN 581522462.
How many years of IRS 990 filings does Good Faith Media have?
Good Faith Media has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Good Faith Media showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Good Faith Media's revenue has grown by 196.3%, moving from $695K to $2.1M. Total assets increased by 118.8% over the same period, from $418K to $914K. Total functional expenses rose by 116.1%, from $673K to $1.5M. In its most recent filing year (2023), Good Faith Media reported a surplus of $605K, with revenue exceeding expenses. The organization holds $80K in liabilities against $914K in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $834K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.5M | $914K | $80K | — | — |
| 2022 | $1.0M | $1.4M | $354K | $120K | — | View 990 |
| 2021 | $2.0M | $1.3M | $778K | $130K | — | — |
| 2020 | $715K | $771K | $147K | $203K | — | — |
| 2019 | $539K | $805K | $145K | $174K | — | View 990 |
| 2018 | $837K | $902K | $414K | $99K | — | View 990 |
| 2017 | $745K | $798K | $623K | $246K | — | View 990 |
| 2016 | $1.1M | $837K | $629K | $200K | — | View 990 |
| 2015 | $683K | $1.0M | $360K | $170K | — | View 990 |
| 2014 | $1.3M | $1.0M | $674K | $125K | — | View 990 |
| 2013 | $890K | $885K | $434K | $123K | — | View 990 |
| 2012 | $815K | $758K | $470K | $163K | — | View 990 |
| 2011 | $695K | $673K | $418K | $168K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.5M, and assets of $914K (revenue +102.0% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.4M, and assets of $354K (revenue -48.2% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.3M, and assets of $778K (revenue +174.9% year-over-year).
- 2020: Revenue of $715K, expenses of $771K, and assets of $147K (revenue +32.6% year-over-year).
- 2019: Revenue of $539K, expenses of $805K, and assets of $145K (revenue -35.5% year-over-year).
- 2018: Revenue of $837K, expenses of $902K, and assets of $414K (revenue +12.3% year-over-year).
- 2017: Revenue of $745K, expenses of $798K, and assets of $623K (revenue -32.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $837K, and assets of $629K (revenue +60.7% year-over-year).
- 2015: Revenue of $683K, expenses of $1.0M, and assets of $360K (revenue -45.9% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.0M, and assets of $674K (revenue +41.9% year-over-year).
- 2013: Revenue of $890K, expenses of $885K, and assets of $434K (revenue +9.2% year-over-year).
- 2012: Revenue of $815K, expenses of $758K, and assets of $470K (revenue +17.3% year-over-year).
- 2011: Revenue of $695K, expenses of $673K, and assets of $418K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Faith Media:
Data Sources and Methodology
This transparency report for Good Faith Media is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.