Galcom International USA Inc

Analysis

Galcom International USA Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1973, 53 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 December 2023, Galcom International USA Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $715k to $1.2m (+63%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galcom International USA Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include North Carolina Association of Independent Schools ($1.2m), Katonah Village Library ($1.2m) and The Belvedere Tiburon Child Care Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $120k (11% of expenses). At year end it held assets of $919k against liabilities of $62k, net assets of $857k. It reported 2 employees.