Common Goal USA Inc

Analysis

Common Goal USA Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Common Goal USA Inc reported income of $1.4m and spending of $1.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $469k to $1.4m (+196%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Common Goal USA Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Japan Day Inc ($1.4m), City of Rohnert Park Foundation ($1.4m) and Polynesian Football Hall of Fame ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $130k (12% of expenses). Other salaries and wages came to $76k. At year end it held assets of $427k against liabilities of $67k, net assets of $361k. It reported 2 employees.