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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$158K
+56.1% YoY
Annual Giving
$63K
-3.9% YoY
Grant Count
15
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 include Teen Blaze ($51,876), Samaritan's Purse ($5,000), St Jude Children's Research Hospita ($1,200).
| Recipient | Purpose | Amount |
|---|---|---|
| ST JUDE CHILDREN'S RESEARCH HOSPITA SAN FRANSISCO, CA | MEDICAL RESEARCH | $1,200 |
| RONALD MCDONALD HOUSE LOMA LINDA, CA | PROVIDE SUPPORT FOR FAMILIES | $200 |
| TEEN BLAZE RIVERSIDE, CA | SUPPORT RELIGIOUS YOUTH CENTER | $51,876 |
| VETERANS OF FOREIGN WARS SAN BERNARDINO, CA | SUPPORT FOR VETERANS | $500 |
| WORLD VISION RIVERSIDE, CA | PROVIDE SUPPORT FOR FAMILIES | $1,100 |
| ALZHEIMERS RESEARCH SAINT PAUL, MN | MEDICAL RESEARCH | $400 |
| MERCY SHIPS GARDEN VALLEY, TX | MEDICAL SUPPORT | $500 |
| AMERICAN RED CROSS SAN BERNARDINO, CA | DISASTER RELIEF | $100 |
| TUNNEL TO TOWERS STATEN ISLAND, NY | MORTGAGE SUPPORT FOR AMERICANS | $600 |
| MAKE A WISH RIVERSIDE, CA | GRANT WISHES TO ILL CHILDREN | $100 |
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
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.
Explore Open Grants
Browse active grant opportunities in Good News Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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