Good News In Action Inc
EIN: 720695782 · Albany, LA
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $1.1M |
| Net Assets | $336K |
Is Good News In Action Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Good News In Action Inc
Good News In Action Inc (EIN: 720695782) is a nonprofit organization based in Albany, LA. The organization reported total revenue of $4.4M and total assets of $301K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good News In Action Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good News In Action Inc is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $770K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-313,360 |
| Total Assets | $336K |
| Net Assets | $336K |
| Operating Margin | -40.7% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, Good News In Action Inc reported a deficit of $313K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Good News In Action Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.5% | +54.9% | -48.3% |
| 2022 | +29.6% | -4.3% | +61.0% |
| 2021 | -1.6% | -4.3% | -0.4% |
| 2020 | +21.5% | +32.3% | -5.2% |
| 2019 | -2.4% | -6.1% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Good News In Action Inc 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 News In Action Inc 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 deficit of $313K, with expenses exceeding revenue.
Frequently Asked Questions about Good News In Action Inc
Is Good News In Action Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Good News In Action Inc (EIN: 720695782) insufficient data. 0 red flags identified, 0 strengths noted.
How does Good News In Action Inc spend its money?
Detailed spending breakdown data is not yet available for Good News In Action Inc. Check back for updated IRS 990 analysis.
Are donations to Good News In Action Inc tax-deductible?
Good News In Action Inc is registered as a tax-exempt nonprofit (EIN: 720695782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Good News In Action Inc located?
Good News In Action Inc is headquartered in Albany, Louisiana and files with the IRS under EIN 720695782.
How many years of IRS 990 filings does Good News In Action Inc have?
Good News In Action Inc 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 $4.4M in total revenue.
Filing History
IRS 990 filing history for Good News In Action Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Good News In Action Inc's revenue has grown by 32.8%, moving from $580K to $770K. Total assets decreased by 14.5% over the same period, from $393K to $336K. Total functional expenses rose by 119.8%, from $493K to $1.1M. In its most recent filing year (2023), Good News In Action Inc reported a deficit of $313K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $770K | $1.1M | $336K | $0 | — | — |
| 2022 | $945K | $699K | $649K | $0 | — | View 990 |
| 2021 | $729K | $731K | $403K | $0 | — | View 990 |
| 2020 | $741K | $763K | $404K | $0 | — | View 990 |
| 2019 | $610K | $577K | $427K | $0 | — | View 990 |
| 2018 | $624K | $614K | $394K | $0 | — | View 990 |
| 2017 | $634K | $540K | $384K | $0 | — | View 990 |
| 2016 | $573K | $514K | $291K | $0 | — | View 990 |
| 2015 | $602K | $636K | $232K | $0 | — | View 990 |
| 2014 | $569K | $516K | $266K | $0 | — | View 990 |
| 2013 | $571K | $563K | $212K | $0 | — | View 990 |
| 2012 | $422K | $611K | $204K | $0 | — | View 990 |
| 2011 | $580K | $493K | $393K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $770K, expenses of $1.1M, and assets of $336K (revenue -18.5% year-over-year).
- 2022: Revenue of $945K, expenses of $699K, and assets of $649K (revenue +29.6% year-over-year).
- 2021: Revenue of $729K, expenses of $731K, and assets of $403K (revenue -1.6% year-over-year).
- 2020: Revenue of $741K, expenses of $763K, and assets of $404K (revenue +21.5% year-over-year).
- 2019: Revenue of $610K, expenses of $577K, and assets of $427K (revenue -2.4% year-over-year).
- 2018: Revenue of $624K, expenses of $614K, and assets of $394K (revenue -1.4% year-over-year).
- 2017: Revenue of $634K, expenses of $540K, and assets of $384K (revenue +10.5% year-over-year).
- 2016: Revenue of $573K, expenses of $514K, and assets of $291K (revenue -4.7% year-over-year).
- 2015: Revenue of $602K, expenses of $636K, and assets of $232K (revenue +5.7% year-over-year).
- 2014: Revenue of $569K, expenses of $516K, and assets of $266K (revenue -0.3% year-over-year).
- 2013: Revenue of $571K, expenses of $563K, and assets of $212K (revenue +35.1% year-over-year).
- 2012: Revenue of $422K, expenses of $611K, and assets of $204K (revenue -27.1% year-over-year).
- 2011: Revenue of $580K, expenses of $493K, and assets of $393K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good News In Action Inc:
Data Sources and Methodology
This transparency report for Good News In Action 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.