Project Goal Inc

Analysis

Project Goal Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Goal Inc reported income of $351k and spending of $295k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $351k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Project Goal Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within RI. Charities of a similar size with the same main cause include Fairfax County Stars Inc ($351k), Dothan Youth Soccer Association Inc ($351k) and Warwick Firefighters Soccer Club C/O Denise J Fogg ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $465k against liabilities of $3,605, net assets of $462k.