Good News Publishers

EIN: 361143987 501(c)(3)

Wheaton, IL

Total Revenue
$43,601,697
Total Expenses
$37,224,376
Total Assets
$63,015,779
Net Assets
$44,785,234
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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
IL
Phone
6306824300
Tax Period
2023-06-01 to 2024-05-31

Good News Publishers, founded in 1941, is a mid-sized nonprofit that reported $43.6M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $37.2M left a modest 15% surplus.

Mission

Crossway's mission is to publish gospel-centered, Bible-based content that will honor our Savior and serve his church. Crossway is committed to distributing free resources that equip the global church for ministry and providing God's word to people around the world.

Program Service Accomplishments

Program 1
Expenses: $17,853,540 Revenue: $22,177,051

Bible Publishing The purpose of Crossway's Bible Department is to create outstanding Bibles and Bible resources that bear witness to the gospel and the truth of God's word in all of life, and that...

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Bible Publishing The purpose of Crossway's Bible Department is to create outstanding Bibles and Bible resources that bear witness to the gospel and the truth of God's word in all of life, and that serve the needs of the global church; see the Lord's gracious provision in our work; and give honor and glory to the Lord. The ESV Bible (English Standard Version) is an "essentially literal" translation of the Bible in contemporary English. Created by a team of more than 100 leading evangelical scholars and pastors, the ESV Bible emphasizes "word-for-word" accuracy, literary excellence, and depth of meaning. It is available in hundreds of print editions and free online via mobile app (iOS and Android) and at ESV.org. Since its publication in 2001, the ESV has gained wide acceptance and is used by church leaders, numerous denominations and organizations, and millions of individuals around the world. Crossway offers the ESV Bible for free online and via mobile apps, with tens of millions of users from nearly every country. The ESV Study Bible, with twenty thousand notes and two million words in over 2,700 pages, became a bestselling Bible and was the first Bible to be named the "Christian Book of the Year" by the Evangelical Christian Publishers Association. The ESV Bible and ESV Study Bible notes have been translated into more than 50 languages. Crossway has distributed hundreds of thousands of ESV Bibles and books to pastors, teachers, students, missionaries, and ministry leaders across the globe, equipping them to learn and share God's Word.

Program 2
Expenses: $12,058,422 Revenue: $15,618,134

Book Publishing Our book department promotes and publishes the greatest news in the world through the medium of printed and digital books. Crossway has become a leading publisher of evangelical...

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Book Publishing Our book department promotes and publishes the greatest news in the world through the medium of printed and digital books. Crossway has become a leading publisher of evangelical Christian books focused on proclaiming the gospel and applying God's word to every area of life. We have sought to describe our contribution to the larger world of Christian publishing as "gospel-centered publishing," which means that our goals, content, and manner will have a distinctive gospel flavor and ethos, as we seek to view everything through the cross-work of Christ and his lordship over all things. Each year, Crossway distributes free books to a variety of ministries in the United States and overseas, in addition to funding book translation, printing, and distribution assistance.

Program 3
Expenses: $934,993 Revenue: $883,035

Tract Publishing and Other Program Services Crossway is committed to distributing resources that equip the global church for ministry and providing God's word to people around the world. One way we...

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Tract Publishing and Other Program Services Crossway is committed to distributing resources that equip the global church for ministry and providing God's word to people around the world. One way we accomplish this is through the production and distribution of tracts to ministries and churches around the world. Crossway has also been at the forefront of digital media and technology in Christian publishing. The ESV Bible was originally published simultaneously in both print and digital formats, and is widely recognized today for its ongoing mobile app development and availability worldwide via ESV.org. Crossway continues to develop innovative, gospel-centered app content, as well as audiobooks, ebooks, and videos that honor God and serve his church.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,953,304
Program Service Revenue $73,509
Investment Income $529,577
Other Revenue $41,045,307
TOTAL REVENUE $43,601,697

Expense Breakdown

Grants Paid $493,415
Salaries & Benefits $17,329,164
Fundraising Expenses $368,232
Program Expenses $30,846,955
Other Expenses $19,401,797
TOTAL EXPENSES $37,224,376

Year-over-Year Comparison

2023 2022 Change
Revenue $43,601,697 $31,101,737 +0.4%
Expenses $37,224,376 $28,322,039 +0.3%
Net Income $6,377,321 $2,779,698 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
5
Employees
150
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$2,432,844
Total Directors
12
$863,274
Key Employees
2
$484,386
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chief Publishing Officer 40.0
Officer Director
$232,656 $41,015 $273,671
N/A Treasurer 5.0
Officer Director
$0 $0 $0
N/A President, CEO 40.0
Officer Director
$316,199 $43,299 $359,498
N/A Chairman, Executive Advisor 20.0
Officer Director
$130,447 $52,010 $182,457
N/A Secretary, Associate Consultant 10.0
Officer Director
$41,500 $0 $41,500
N/A Board Member 5.0
Director
$2,220 $0 $2,220
N/A Board Member 5.0
Director
$250 $0 $250
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$2,958 $0 $2,958
N/A Board Member 5.0
Director
$720 $0 $720
N/A Chief Communications Officer 40.0
Officer
$228,938 $44,623 $273,561
N/A Chief Operating Officer 40.0
Officer
$229,212 $39,497 $268,709
N/A Sr. VP Operations & Asst. Secretary 40.0
Officer
$220,174 $41,042 $261,216
N/A Exec. VP Sales & Marketing 40.0
Officer
$218,136 $42,251 $260,387
N/A Exec. VP Book Publishing 40.0
Officer
$219,019 $44,310 $263,329
N/A Sr. VP Finance & Asst. Treasurer 40.0
Officer
$216,370 $32,146 $248,516
N/A Sr. VP Bible Publishing 40.0
Key Emp
$196,435 $41,146 $237,581
N/A Sr. VP Global Ministry 40.0
Key Emp
$207,861 $38,944 $246,805
N/A Sr VP of Creative 40.0
Highest
$155,639 $37,778 $193,417
N/A VP of Operations 40.0
Highest
$147,720 $37,386 $185,106
N/A VP of Information Technology 40.0
Highest
$159,282 $37,514 $196,796
N/A Sr VP of Marketing and Communications 40.0
Highest
$151,667 $37,629 $189,296
N/A VP of Software Development 40.0
Highest
$149,706 $42,099 $191,805
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $43,601,697 $37,224,376 $63,015,779 $6,377,321
2023 $31,101,737 $28,322,039 $47,984,740 $2,779,698
2022 $30,597,185 $26,494,943 $44,141,237 $4,102,242
2021 $28,694,865 $21,479,952 $41,771,923 $7,214,913
2020 $21,226,004 $19,600,763 $33,365,864 $1,625,241
2019 $22,396,760 $20,213,635 $29,230,056 $2,183,125
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