Is Project Goal Inc Legit?

Strengths

Consistent revenue growth over the past decade, from $129,193 in 2015 to $350,818 in 2023.
Strong asset growth, increasing from $107,703 in 2015 to $465,434 in 2023.
Very low liabilities, with only $3,605 reported in 2023, indicating strong financial management.
No reported officer compensation across all filings, suggesting a high proportion of funds directed to programs.
Positive net income in most recent years, contributing to asset accumulation.

Spending Breakdown

How Project Goal Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Project Goal Inc

Is Project Goal Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Project Goal Inc (EIN: 134221810) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Project Goal Inc a good charity to donate to?

Project Goal Inc has a Mission Score of 85/100. Revenue: $392K. Assets: $514K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Project Goal Inc?

The Employer Identification Number (EIN) for Project Goal Inc is 134221810. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Project Goal Inc spend its money?

Project Goal Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Project Goal Inc's tax-exempt status?

You can verify Project Goal Inc's tax-exempt status using EIN 134221810 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Project Goal Inc demonstrates consistent growth in revenue and assets over the past decade, indicating a stable financial trajectory. In the latest filing (202312), the organization reported revenue of $350,818 against expenses of $294,897, resulting in a surplus that contributes to its growing asset base of $465,434. The organization's liabilities remain very low, at $3,605 in 2023, suggesting strong financial management and minimal debt burden. This financial stability is a positive indicator for long-term sustainability.

The organization's spending efficiency appears strong, with a significant portion of expenses likely directed towards program services, given the absence of reported officer compensation. The consistent growth in assets, from $107,703 in 2015 to $465,434 in 2023, further supports a healthy financial position. The lack of reported officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which can maximize funds available for programs. However, without detailed expense breakdowns from the 990, the exact program spending ratio cannot be precisely determined.

Transparency is generally good through its consistent 990 filings. The absence of officer compensation across all reported periods is a notable point, indicating that leadership may be unpaid or compensated through other means not reported as officer compensation. This practice, while potentially maximizing program funds, could also raise questions about the sustainability of leadership without compensation in the long run, or the potential for indirect benefits not captured in this specific line item. Overall, Project Goal Inc appears to be a financially sound organization with a clear growth trend and efficient use of resources.

Verdict: Project Goal Inc appears trustworthy

Red Flags