Goal Academy

Analysis

Goal Academy is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Goal Academy reported income of $69.1m and spending of $70.7m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $42.5m to $69.1m (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goal Academy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Colby-Sawyer College ($69.1m), Our Lady of the Lake University of San Antonio ($69.2m) and North Dakota State University Foundation ($69.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $828k (1.2% of expenses). Other salaries and wages came to $34.1m. At year end it held assets of $66.9m against liabilities of $87.8m, net assets of -$20.9m. It reported 684 employees.