Goddard Youth Foundation

Analysis

Goddard Youth Foundation is a registered charity in United States, based in Sulphur, OK. It received its IRS tax-exemption ruling in May 1967, 59 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 December 2023, Goddard Youth Foundation reported income of $658k and spending of $727k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $783k to $658k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Goddard Youth Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OK. Charities of a similar size with the same main cause include Brainerd Amateur Hockey Foundation ($658k), F C Capistrano Inc ($659k) and Freewheelin Community Bikes ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $49k (6.7% of expenses). Other salaries and wages came to $111k. At year end it held assets of $511k against liabilities of $7,608, net assets of $503k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.