Toward the Goal Ministries Inc

Analysis

Toward the Goal Ministries Inc is a registered charity in United States, based in Sugarcreek, OH. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Toward the Goal Ministries Inc reported income of $1.1m and spending of $565k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $760k to $1.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Toward the Goal Ministries Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include St John Bosco Schools ($1.1m), Florida Society Dermatology Physician Assistant ($1.1m) and Ace Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $373k. At year end it held assets of $2.4m against liabilities of $7,526, net assets of $2.4m. It reported 7 employees.