Goals for Life Project Inc

Analysis

Goals for Life Project Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Goals for Life Project Inc reported income of $63k and spending of $69k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $63k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Goals for Life Project Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within TN. Charities of a similar size with the same main cause include Greater New Life Church Inc ($63k), Betty Swann Ministries ($63k) and United Sikh Movement ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.