Galloway Township Educational Foundation

Analysis

Galloway Township Educational Foundation is a registered charity in United States, based in Galloway, NJ. It received its IRS tax-exemption ruling in April 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Galloway Township Educational Foundation reported income of $53k and spending of $15k, leaving 71% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $29k to $53k (+85%), an average of +36% a year. The sharpest change came in the year to June 2024, when income rose by 41%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galloway Township Educational Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include South Pointe Community Club ($53k), National Odometer Enforcement Association Inc ($53k) and California Federation of Womens Clubs ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 9.4% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.