Galveston Island Oktoberfest Inc

Analysis

Galveston Island Oktoberfest Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in April 2008, 18 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Galveston Island Oktoberfest Inc reported income of $79k and spending of $85k, spending 107% of what it took in. Across the 4 years on record, from April 2020 to April 2024, income grew from $77k to $79k (+3.2%), an average of +1.1% a year. The sharpest change came in the year to April 2023, when income rose by 171%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Galveston Island Oktoberfest Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Indian Rocks Rotary Foundation Inc ($79k), K-Tech Charities Inc ($79k) and Dos Pueblos Band Boosters ($79k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.