Goalsetter Foundation

Analysis

Goalsetter Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Goalsetter Foundation reported income of $957k and spending of $1.5m, spending 162% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $100k to $957k (+855%), an average of +112% a year. The sharpest change came in the year to December 2021, when income rose by 2570%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Goalsetter Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Rotary Foundation of Woodland ($956k), 3200 Adams Holding Corp ($958k) and The International Society for the Study of Trauma and Dissociation ($955k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.3m against liabilities of $512k, net assets of $2.7m.