Overview
What is Good News Outreach Inc?
Good News Outreach Inc is a compassionate nonprofit organization that actively engages in mission work and promotes the Gospel. They achieve this by distributing financial and material resources to various mission projects situated in East Europe, South America, Africa, and within the United States. Their primary goal is to support and uplift these projects, ultimately spreading the message of the Gospel globally.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Good News Outreach Inc has received a Two-Star rating from Charity Navigator, indicating a moderate performance in terms of accountability and finance. The organization scored well in several areas, including having a majority of independent board members and no reported material diversion of assets, which shows a solid governance structure. However, it has notable weaknesses, such as missing policies on whistleblower protection and document retention, which are crucial for transparency and accountability.
The program expense ratio is commendable at 100%, highlighting that all its expenses are dedicated to the programs it offers. Nevertheless, the organization's liabilities to assets ratio raises concerns, sitting at 303.69%, which suggests potential financial instability. This could affect its long-term sustainability and capacity to serve its mission effectively.
Overall, while Good News Outreach Inc demonstrates strengths in governance and program spending, the absence of key policies and its high liabilities may impact its reputation and trustworthiness among donors. Addressing these issues could enhance its standing and facilitate better support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Good News Outreach Inc legitimate?
Good News Outreach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good News Outreach Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,000
For more financial information, click here
What is the mission statement of Good News Outreach Inc?
Good News Outreach Inc is dedicated to carrying out mission work and advocating for the Gospel. They achieve this objective by distributing financial resources and material aid to various mission projects situated in regions such as East Europe, South America, Africa, and the United States. The organization's primary goal is to support and propagate the Gospel through these mission projects.
Who is the CEO of Good News Outreach Inc?
Vernon Jarvis is the President of Good News Outreach Inc.
What is the revenue of Good News Outreach Inc?
Good News Outreach Inc's revenue in 2022 was $165,806.
Who are the executives of Good News Outreach Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Good News Outreach Inc?
Good News Outreach Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Good News Outreach Inc
Good News Outreach, a nonprofit organization, is dedicated to promoting the Gospel and carrying out mission work. They accomplish this by distributing financial resources and essential materials to various mission projects situated in East Europe, South America, Africa, and the United States. Good News Outreach's mission work is centered around supporting the spread of the Gospel and providing aid to those in need, regardless of their geographical location.
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Impact
October, 2024
Good News Outreach Inc has a significant impact by conducting mission work and supporting the Gospel across various regions, including East Europe, South America, Africa, and the United States. Through the distribution of funds and essential materials, they directly support mission projects that aim to spread religious teachings and provide assistance to communities in need. Their initiatives facilitate a positive change by addressing spiritual and material needs, fostering hope and support in diverse populations, and enhancing community welfare.
This information is meant to be a general summary of Good News Outreach Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $165,806
Assets and Liabilities:
- Total Assets: $8,233
- Total Liabilities: $25,003
- Net Assets: -$16,770
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Organization Details
Founding Year
2008
Principal Officer
Vernon Jarvis
Main Address
202 E 2ND STREET, LONDON, KY, 40741
NTEE Category
Code: X20 - Religion related
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