Mike Gallagher Show Charitable Foundation

Analysis

Mike Gallagher Show Charitable Foundation is a registered charity in United States, based in Taylors, SC. It received its IRS tax-exemption ruling in June 2005, 21 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 June 2023, Mike Gallagher Show Charitable Foundation reported income of $84k and spending of $202k, spending 241% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $411k to $84k (-80%), an average of -33% a year. The sharpest change came in the year to June 2021, when income rose by 169%. Over the whole period it spent 167% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mike Gallagher Show Charitable Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 38th percentile within SC. Charities of a similar size with the same main cause include Co-Ette Club ($84k), Education Focused Foundation ($84k) and Defiance Rotary Foundation ($84k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $117k (58% of expenses). At year end it held assets of $193k against liabilities of $85k, net assets of $108k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.