Good News Communications Inc

Good News Communications Inc. maintains stable assets and reports no officer compensation.

EIN: 132965038 · Camarillo, CA · Updated: 2026-03-28

$3.8MRevenue

$4.2MAssets

75/100Mission Score (Good)

Is Good News Communications Inc Legit?

Some Concerns

GoodFiling Consistency

GoodSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Good News Communications Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Good News Communications Inc

Good News Communications Inc (EIN: 132965038) is a nonprofit organization based in Camarillo, CA. The organization reported total revenue of $3.8M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good News Communications Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Good News Communications Inc. demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $3,646,519 in 2023. The organization's revenue has fluctuated but shows a positive trend, with the latest reported revenue at $2,615,203. A notable aspect of their financial management is the consistent reporting of 0% officer compensation across all available filings, which suggests a high degree of fiscal conservatism or reliance on volunteer leadership for executive roles. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The organization's liabilities have remained relatively low compared to its assets, indicating good financial stability.

While the absence of officer compensation is a positive indicator for donor confidence regarding executive pay, the lack of NTEE code information and detailed expense categorization in the provided data limits a comprehensive evaluation of their program focus and operational efficiency. The organization has experienced periods where expenses exceeded revenue, such as in 2023 ($2,784,481 expenses vs. $2,615,203 revenue) and 2020 ($2,105,564 expenses vs. $2,006,765 revenue), which could indicate reliance on reserves or other funding sources during those periods. Overall, the organization appears to be financially sound with a strong asset base and a commitment to minimizing executive compensation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Good News Communications Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Good News Communications Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Good News Communications Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size with assets over $3 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Good News Communications Inc's IRS 990 filings:

Consistent 0% officer compensation for an organization of this size may warrant further inquiry into how leadership is sustained.
Lack of NTEE code in the provided data limits understanding of the organization's primary mission area.

Strengths

The following positive indicators were identified for Good News Communications Inc:

Consistent growth in assets over the past decade, from $1,090,316 in 2014 to $3,646,519 in 2023.
Low liabilities relative to assets, indicating strong financial stability (e.g., $145,874 liabilities vs. $3,646,519 assets in 2023).
No reported officer compensation, suggesting a highly cost-efficient leadership structure or volunteer-driven executive roles.

Frequently Asked Questions about Good News Communications Inc

Is Good News Communications Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Good News Communications Inc (EIN: 132965038) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

How does Good News Communications Inc spend its money?

Good News Communications Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Good News Communications Inc tax-deductible?

Good News Communications Inc is registered as a tax-exempt nonprofit (EIN: 132965038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Good News Communications Inc. manage to operate without paying officer compensation?

The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, which is uncommon for an organization with millions in revenue and assets.

What are the specific program activities of Good News Communications Inc.?

The provided data does not include an NTEE code or detailed program descriptions, making it difficult to ascertain the specific nature of their charitable activities.

Why did expenses exceed revenue in some fiscal periods, such as 2023 and 2020?

In 2023, expenses were $2,784,481 against revenue of $2,615,203, and in 2020, expenses were $2,105,564 against revenue of $2,006,765. This indicates the organization either drew from its reserves or utilized other non-revenue income sources to cover operational costs during those years.

Filing History

IRS 990 filing history for Good News Communications Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Good News Communications Inc's revenue has declined by 33.5%, moving from $3.9M to $2.6M. Total assets increased by 57.5% over the same period, from $2.3M to $3.6M. Total functional expenses rose by 66.3%, from $1.7M to $2.8M. In its most recent filing year (2023), Good News Communications Inc reported a deficit of $169K, with expenses exceeding revenue. The organization holds $146K in liabilities against $3.6M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $3.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.6M	$2.8M	$3.6M	$146K	—	View 990
2022	$2.2M	$1.9M	$3.8M	$141K	—	View 990
2021	$2.3M	$1.6M	$3.5M	$118K	—	View 990
2020	$2.0M	$2.1M	$3.1M	$379K	—	View 990
2019	$2.0M	$2.3M	$3.0M	$204K	—	View 990
2018	$2.5M	$2.0M	$3.2M	$167K	—	View 990
2017	$2.4M	$1.9M	$2.8M	$192K	—	View 990
2016	$2.7M	$2.4M	$2.4M	$321K	—	View 990
2015	$3.3M	$2.4M	$2.1M	$265K	—	View 990
2014	$2.6M	$2.4M	$1.1M	$195K	—	View 990
2013	$1.4M	$2.3M	$943K	$283K	—	View 990
2012	$1.5M	$1.9M	$1.8M	$281K	—	View 990
2011	$3.9M	$1.7M	$2.3M	$354K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.6M, expenses of $2.8M, and assets of $3.6M (revenue +19.8% year-over-year).
2022: Revenue of $2.2M, expenses of $1.9M, and assets of $3.8M (revenue -6.7% year-over-year).
2021: Revenue of $2.3M, expenses of $1.6M, and assets of $3.5M (revenue +16.6% year-over-year).
2020: Revenue of $2.0M, expenses of $2.1M, and assets of $3.1M (revenue -1.9% year-over-year).
2019: Revenue of $2.0M, expenses of $2.3M, and assets of $3.0M (revenue -17.5% year-over-year).
2018: Revenue of $2.5M, expenses of $2.0M, and assets of $3.2M (revenue +4.1% year-over-year).
2017: Revenue of $2.4M, expenses of $1.9M, and assets of $2.8M (revenue -12.4% year-over-year).
2016: Revenue of $2.7M, expenses of $2.4M, and assets of $2.4M (revenue -17.1% year-over-year).
2015: Revenue of $3.3M, expenses of $2.4M, and assets of $2.1M (revenue +25.4% year-over-year).
2014: Revenue of $2.6M, expenses of $2.4M, and assets of $1.1M (revenue +84.6% year-over-year).
2013: Revenue of $1.4M, expenses of $2.3M, and assets of $943K (revenue -2.7% year-over-year).
2012: Revenue of $1.5M, expenses of $1.9M, and assets of $1.8M (revenue -63.0% year-over-year).
2011: Revenue of $3.9M, expenses of $1.7M, and assets of $2.3M.

Data Sources and Methodology

This transparency report for Good News Communications Inc 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.