Good News Ministries
EIN: 752629527 · Midland, TX · NTEE: X21
Is Good News Ministries 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 Ministries
Good News Ministries (EIN: 752629527) is a nonprofit organization based in Midland, TX, classified under NTEE code X21. The organization reported total revenue of $323K and total assets of $827K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good News Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Good News Ministries 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 Ministries 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.
Frequently Asked Questions about Good News Ministries
Is Good News Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Good News Ministries (EIN: 752629527) insufficient data. 0 red flags identified, 0 strengths noted.
How does Good News Ministries spend its money?
Detailed spending breakdown data is not yet available for Good News Ministries. Check back for updated IRS 990 analysis.
Are donations to Good News Ministries tax-deductible?
Good News Ministries is registered as a tax-exempt nonprofit (EIN: 752629527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Good News Ministries showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2009–2020), Good News Ministries's revenue has grown by 152.8%, moving from $128K to $323K. Total assets increased by 791.6% over the same period, from $93K to $827K. Total functional expenses fell by 43.9%, from $55K to $31K. In its most recent filing year (2020), Good News Ministries reported a surplus of $292K, with revenue exceeding expenses. The organization holds $1 in liabilities against $827K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $827K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $323K | $31K | $827K | $1 | — | View 990 |
| 2019 | $67K | $43K | $535K | $1 | — | View 990 |
| 2015 | $47K | $61K | $313K | $0 | — | View 990 |
| 2014 | $136K | $68K | $328K | $0 | — | View 990 |
| 2013 | $135K | $58K | $261K | $0 | — | View 990 |
| 2012 | $121K | $76K | $183K | $0 | — | View 990 |
| 2011 | $127K | $160K | $138K | $0 | — | View 990 |
| 2009 | $128K | $55K | $93K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $323K, expenses of $31K, and assets of $827K (revenue +378.8% year-over-year).
- 2019: Revenue of $67K, expenses of $43K, and assets of $535K (revenue +44.8% year-over-year).
- 2015: Revenue of $47K, expenses of $61K, and assets of $313K (revenue -65.7% year-over-year).
- 2014: Revenue of $136K, expenses of $68K, and assets of $328K (revenue +0.3% year-over-year).
- 2013: Revenue of $135K, expenses of $58K, and assets of $261K (revenue +11.8% year-over-year).
- 2012: Revenue of $121K, expenses of $76K, and assets of $183K (revenue -4.9% year-over-year).
- 2011: Revenue of $127K, expenses of $160K, and assets of $138K (revenue -0.4% year-over-year).
- 2009: Revenue of $128K, expenses of $55K, and assets of $93K.
Data Sources and Methodology
This transparency report for Good News Ministries 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.