Good News To Mexico Inc
EIN: 480870797 · Wichita, KS
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $69K |
| Net Assets | $21K |
Is Good News To Mexico 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 To Mexico Inc
Good News To Mexico Inc (EIN: 480870797) is a nonprofit organization based in Wichita, KS. The organization reported total revenue of $77K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good News To Mexico Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good News To Mexico Inc is a micro nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $69K |
| Surplus / Deficit | +$288 |
| Total Assets | $25K |
| Total Liabilities | $4K |
| Net Assets | $21K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Good News To Mexico Inc reported a surplus of $288 with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Good News To Mexico Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.0% | +4.1% | +12.6% |
| 2022 | +2.3% | -8.6% | +25.9% |
| 2021 | +10.7% | +10.5% | +15.5% |
| 2020 | -2.6% | -3.1% | -7.8% |
| 2019 | +1.7% | +6.2% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Good News To Mexico 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 To Mexico 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 surplus of $288, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.4%.
Frequently Asked Questions about Good News To Mexico Inc
Is Good News To Mexico Inc a legitimate charity?
Good News To Mexico Inc (EIN: 480870797) is a registered tax-exempt nonprofit based in Kansas. It has 13 years of IRS 990 filings on record. Total revenue: $77K. No red flags identified. Financial health grade: A.
How does Good News To Mexico Inc spend its money?
Good News To Mexico Inc reported $77K 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 News To Mexico Inc tax-deductible?
Good News To Mexico Inc is registered as a tax-exempt nonprofit (EIN: 480870797). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Good News To Mexico Inc located?
Good News To Mexico Inc is headquartered in Wichita, Kansas and files with the IRS under EIN 480870797.
How many years of IRS 990 filings does Good News To Mexico Inc have?
Good News To Mexico 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 $77K in total revenue.
Filing History
IRS 990 filing history for Good News To Mexico Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Good News To Mexico Inc's revenue has grown by 11.7%, moving from $62K to $70K. Total assets increased by 28.5% over the same period, from $19K to $25K. Total functional expenses rose by 3.4%, from $67K to $69K. In its most recent filing year (2023), Good News To Mexico Inc reported a surplus of $288, with revenue exceeding expenses. The organization holds $4K in liabilities against $25K in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $21K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $69K | $25K | $4K | — | View 990 |
| 2022 | $73K | $67K | $22K | $1K | — | View 990 |
| 2021 | $72K | $73K | $17K | $4K | — | — |
| 2020 | $65K | $66K | $15K | $0 | — | — |
| 2019 | $66K | $68K | $16K | $0 | — | View 990 |
| 2018 | $65K | $64K | $18K | $0 | — | View 990 |
| 2017 | $68K | $77K | $17K | $0 | — | View 990 |
| 2016 | $74K | $69K | $25K | $0 | — | View 990 |
| 2015 | $65K | $67K | $20K | $0 | — | View 990 |
| 2014 | $82K | $83K | $22K | $0 | — | View 990 |
| 2013 | $63K | $68K | $24K | $0 | — | View 990 |
| 2012 | $79K | $70K | $28K | $0 | — | View 990 |
| 2011 | $62K | $67K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $69K, and assets of $25K (revenue -5.0% year-over-year).
- 2022: Revenue of $73K, expenses of $67K, and assets of $22K (revenue +2.3% year-over-year).
- 2021: Revenue of $72K, expenses of $73K, and assets of $17K (revenue +10.7% year-over-year).
- 2020: Revenue of $65K, expenses of $66K, and assets of $15K (revenue -2.6% year-over-year).
- 2019: Revenue of $66K, expenses of $68K, and assets of $16K (revenue +1.7% year-over-year).
- 2018: Revenue of $65K, expenses of $64K, and assets of $18K (revenue -4.1% year-over-year).
- 2017: Revenue of $68K, expenses of $77K, and assets of $17K (revenue -8.6% year-over-year).
- 2016: Revenue of $74K, expenses of $69K, and assets of $25K (revenue +15.1% year-over-year).
- 2015: Revenue of $65K, expenses of $67K, and assets of $20K (revenue -20.7% year-over-year).
- 2014: Revenue of $82K, expenses of $83K, and assets of $22K (revenue +28.6% year-over-year).
- 2013: Revenue of $63K, expenses of $68K, and assets of $24K (revenue -19.5% year-over-year).
- 2012: Revenue of $79K, expenses of $70K, and assets of $28K (revenue +26.6% year-over-year).
- 2011: Revenue of $62K, expenses of $67K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good News To Mexico Inc:
Data Sources and Methodology
This transparency report for Good News To Mexico 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.