Project Goal Inc
Project Goal Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 134221810 · Providence, RI · NTEE: N64 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $392K |
| Total Expenses | $295K |
| Program Spending | 90% |
| Net Assets | $462K |
| Transparency Score | 85/100 |
Is Project Goal Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Goal Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Goal Inc
Project Goal Inc (EIN: 134221810) is a nonprofit organization based in Providence, RI, classified under NTEE code N64. The organization reported total revenue of $392K and total assets of $514K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Goal Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Goal Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $351K |
| Total Expenses | $295K |
| Surplus / Deficit | +$56K |
| Total Assets | $465K |
| Total Liabilities | $4K |
| Net Assets | $462K |
| Operating Margin | 15.9% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 18.9 months |
Financial Health Grade: A
In 2023, Project Goal Inc reported a surplus of $56K with revenue exceeding expenses, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Goal Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.0% | +81.2% | +14.7% |
| 2022 | -31.3% | -27.8% | +19.1% |
| 2021 | +39.3% | +18.7% | +45.1% |
| 2020 | +8.1% | -0.6% | +25.7% |
| 2019 | +10.6% | +14.7% | +18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Project Goal Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Project Goal Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Project Goal Inc has consistently reported 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through means not categorized as officer compensation, which is unusual for an organization of its size and growth.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Project Goal Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise program spending difficult to ascertain.
- Consistent 0% officer compensation could indicate potential for indirect benefits or a reliance on unpaid leadership that may not be sustainable long-term for a growing organization.
Strengths
The following positive indicators were identified for Project Goal Inc:
- 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.
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) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Project Goal Inc spend its money?
Project Goal Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Goal Inc tax-deductible?
Project Goal Inc is registered as a tax-exempt nonprofit (EIN: 134221810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Goal Inc's spending goes to programs?
Project Goal Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Goal Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Project Goal Inc is above average for NTEE category N64 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Goal Inc located?
Project Goal Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 134221810. It is classified under NTEE code N64.
How many years of IRS 990 filings does Project Goal Inc have?
Project Goal Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $392K in total revenue.
Is Project Goal Inc a good charity?
Based on its consistent financial growth, low liabilities, and absence of reported officer compensation, Project Goal Inc appears to be a financially healthy and efficient charity. Its increasing assets suggest effective resource management and a strong focus on its mission.
How has Project Goal Inc's financial health changed over time?
Project Goal Inc has shown significant financial growth, with revenue increasing from $129,193 in 2015 to $350,818 in 2023, and assets growing from $107,703 to $465,434 over the same period. This indicates a strong and improving financial trajectory.
What is the organization's approach to executive compensation?
Project Goal Inc consistently reports 0% officer compensation, suggesting a volunteer-driven leadership model or that compensation is structured in a way not reported under this specific line item on the 990. This approach maximizes funds available for other activities.
Filing History
IRS 990 filing history for Project Goal Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Goal Inc's revenue has grown by 89.7%, moving from $185K to $351K. Total assets increased by 581.6% over the same period, from $68K to $465K. Total functional expenses rose by 113.3%, from $138K to $295K. In its most recent filing year (2023), Project Goal Inc reported a surplus of $56K, with revenue exceeding expenses. The organization holds $4K in liabilities against $465K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $462K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $351K | $295K | $465K | $4K | — | — |
| 2022 | $228K | $163K | $406K | $0 | — | View 990 |
| 2021 | $332K | $226K | $341K | $0 | — | View 990 |
| 2020 | $238K | $190K | $235K | $0 | — | View 990 |
| 2019 | $220K | $191K | $187K | $0 | — | View 990 |
| 2018 | $199K | $167K | $158K | $0 | — | View 990 |
| 2017 | $193K | $177K | $125K | $0 | — | View 990 |
| 2016 | $189K | $183K | $109K | $0 | — | View 990 |
| 2015 | $129K | $158K | $108K | $5K | — | View 990 |
| 2014 | $175K | $159K | $137K | $5K | — | View 990 |
| 2013 | $167K | $153K | $120K | $5K | — | View 990 |
| 2012 | $165K | $132K | $102K | $615 | — | View 990 |
| 2011 | $185K | $138K | $68K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $351K, expenses of $295K, and assets of $465K (revenue +54.0% year-over-year).
- 2022: Revenue of $228K, expenses of $163K, and assets of $406K (revenue -31.3% year-over-year).
- 2021: Revenue of $332K, expenses of $226K, and assets of $341K (revenue +39.3% year-over-year).
- 2020: Revenue of $238K, expenses of $190K, and assets of $235K (revenue +8.1% year-over-year).
- 2019: Revenue of $220K, expenses of $191K, and assets of $187K (revenue +10.6% year-over-year).
- 2018: Revenue of $199K, expenses of $167K, and assets of $158K (revenue +3.3% year-over-year).
- 2017: Revenue of $193K, expenses of $177K, and assets of $125K (revenue +1.9% year-over-year).
- 2016: Revenue of $189K, expenses of $183K, and assets of $109K (revenue +46.4% year-over-year).
- 2015: Revenue of $129K, expenses of $158K, and assets of $108K (revenue -26.1% year-over-year).
- 2014: Revenue of $175K, expenses of $159K, and assets of $137K (revenue +4.9% year-over-year).
- 2013: Revenue of $167K, expenses of $153K, and assets of $120K (revenue +0.8% year-over-year).
- 2012: Revenue of $165K, expenses of $132K, and assets of $102K (revenue -10.5% year-over-year).
- 2011: Revenue of $185K, expenses of $138K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Goal Inc:
Data Sources and Methodology
This transparency report for Project Goal Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.