Galilee Village Plus Inc

Analysis

Galilee Village Plus Inc is a registered charity in United States, based in Brick, NJ. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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, Galilee Village Plus Inc reported income of $570k and spending of $609k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $576k to $570k (-1.1%), an average of -0.3% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galilee Village Plus Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Technology Student Association Kentucky Tech ($570k), PTA Texas Congress ($570k) and Bandera County Junior Livestock Show Association ($570k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $194k. At year end it held assets of $2.8m against liabilities of $128k, net assets of $2.7m. It reported 5 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.