Good News Charitable Foundation

Foundation · Grantmaker RIALTO, CA EIN: 33-0746809

Good News Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIALTO, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $158K in total assets. In 2024, it awarded 15 grants totaling $63K. Net investment income was $3K.

Key facts about Good News Charitable Foundation

EIN: 33-0746809
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $62,701
Grants made (2024): 15
Average grant: $4,180
Median grant: $500
Total assets: $157,615
Primary geography: California (97% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Good News Charitable Foundation funds

By grant dollars, the top recipient states for Good News Charitable Foundation's 15 itemized 2024 grants were California (97%). The most frequent recipient cities were Riverside, CA (4 grants) and San Bernardino, CA (3 grants). None of its 15 grants with a stated purpose were described as general or operating support. Recurring purposes include "Provide Support for Families" (3 grants).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$158K

+56.1% YoY

Annual Giving

$63K

-3.9% YoY

Grant Count

+275.0% YoY

Avg Grant Size

$4K

-74.4% YoY

Under IRS private-foundation payout rules, Good News Charitable Foundation reported a distributable amount of $27K for 2024 — the minimum it must pay out in qualifying distributions.

About Good News Charitable Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $61K (97%)

New York $600 (1%)

Texas $500 (1%)

Minnesota $400 (1%)

Illinois $225 (0%)

Share of all 15 itemized 2024 grant dollars.

States

California Colorado District of Columbia Florida Illinois Massachusetts Minnesota New York Oklahoma Texas Washington

Cities

RiversideLoma LindaSan BernardinoStaten IslandChicagoGarden ValleyLos AngelesPuebloTacomaWashingtonAcampoBrightonDunkirkFontanaFullertonIrvineJacksonvilleNew YorkOklahoma CityOrange

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$157,615	$100,964	$116,189
Revenue	$82,032	$47,077	$61,795
Expenses	$69,860	$72,858	$82,637
Qualifying Distributions	$62,701	$65,276	$76,476
Net Investment Income	$3,126	$2,474	$843
Distributable Amount	$27,239	$28,016	$25,067

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

50 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Teen Blaze ($51,876), Samaritan's Purse ($5,000), St Jude Children's Research Hospita ($1,200).

Recipient	Purpose	Amount
TEEN BLAZE RIVERSIDE, CA	SUPPORT RELIGIOUS YOUTH CENTER	$51,876
SAMARITAN'S PURSE FULLERTON, CA	PROVIDE SUPPORT FOR FAMILIES	$5,000
ST JUDE CHILDREN'S RESEARCH HOSPITA SAN FRANSISCO, CA	MEDICAL RESEARCH	$1,200
WORLD VISION RIVERSIDE, CA	PROVIDE SUPPORT FOR FAMILIES	$1,100
TUNNEL TO TOWERS STATEN ISLAND, NY	MORTGAGE SUPPORT FOR AMERICANS	$600
VETERANS OF FOREIGN WARS SAN BERNARDINO, CA	SUPPORT FOR VETERANS	$500
MERCY SHIPS GARDEN VALLEY, TX	MEDICAL SUPPORT	$500
THE POSSE FOUNDATION LOS ANGELES, CA	SUPPORT FOR COLLEGE STUDENTS	$500
ALZHEIMERS RESEARCH SAINT PAUL, MN	MEDICAL RESEARCH	$400
INTERNATIONAL FELLOWSHIP CHICAGO, IL	SUPPORT INTERNATIONAL STUDY	$225

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MELTON L BACON	DIR/PRES/TRE	—	—
KATHERINE L BACON	DIR/VP/SEC	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Good News Charitable Foundation?

Good News Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RIALTO, CA. It holds $158K in total assets as of 2024.

How large is Good News Charitable Foundation?

As of 2024, Good News Charitable Foundation holds $158K in total assets with $82K in annual revenue. It awarded 15 grants totaling $63K in 2024.

Where does Good News Charitable Foundation operate?

Good News Charitable Foundation has awarded grants in California, Colorado, District of Columbia, Florida, Illinois, Massachusetts, Minnesota, New York, Oklahoma, Texas, Washington.

What size grants does Good News Charitable Foundation award?

In 2024, Good News Charitable Foundation awarded 15 grants totaling $63K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Good News Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Good News Charitable Foundation reported a distributable amount of $27K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Good News Charitable Foundation's EIN?

Good News Charitable Foundation's EIN (Employer Identification Number) is 33-0746809. IRS Form 990 filing data is available on this page for 2020–2024.