Galileo School Foundation Inc

Analysis

Galileo School Foundation Inc is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Galileo School Foundation Inc reported income of $14.9m and spending of $14.5m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.2m to $14.9m (+188%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 108%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galileo School Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Torah Academy of Boca Raton Inc ($14.8m), Sussex Academy of Arts & Sciences Inc ($14.9m) and Robert W Woodruff Library of the Atlanta University Center Inc ($14.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 93% of the total. At year end it held assets of $34.1m against liabilities of $33.5m, net assets of $610k. It reported 239 employees.