Goal Scholarship Program Inc

Analysis

Goal Scholarship Program Inc is a registered charity in United States, based in Peachtree Cor, GA. It received its IRS tax-exemption ruling in July 2006, 20 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, Goal Scholarship Program Inc reported income of $69.7m and spending of $53.9m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $39.2m to $69.7m (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goal Scholarship Program Inc 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 GA. Charities of a similar size with the same main cause include Benedict College ($69.7m), Vaughn Next Century Learning Center ($69.8m) and Project Lead the Way Inc ($69.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $226k (0.4% of expenses). Other salaries and wages came to $631k. At year end it held assets of $76.8m against liabilities of $228k, net assets of $76.6m.