Goals Foundation

Analysis

Goals Foundation is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in August 2019, 7 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 June 2023, Goals Foundation reported income of $179k and spending of $151k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $89k to $179k (+100%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 194%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Goals Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Mount Laurel Girls Softball ($178k), Willamette Valley Soaring Club Inc ($179k) and White Plains Rugby Football Club Inc ($178k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 20% of the total. Other salaries and wages came to $13k. At year end it held assets of $76k against liabilities of $44k, net assets of $31k.