Goals for Life Foundation Inc

Analysis

Goals for Life Foundation Inc is a registered charity in United States, based in Norwalk, CA. It received its IRS tax-exemption ruling in October 1997, 29 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, Goals for Life Foundation Inc reported income of $192k and spending of $200k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $192k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Goals for Life Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Cc2 Forever ($192k), Trailhead Perspectives Inc ($192k) and Keller Isd Cte Booster Club Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $99k. It paid $3,000 in professional fundraising fees. At year end it held assets of $77k against liabilities of $0, net assets of $77k. It reported 4 employees.