Galveston Urban Ministries

Analysis

Galveston Urban Ministries is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Galveston Urban Ministries reported income of $3.2m and spending of $932k, leaving 71% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $663k to $3.2m (+386%), an average of +69% a year. The sharpest change came in the year to December 2022, when income rose by 229%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Galveston Urban Ministries sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Project Independence ($3.2m), California Spectrum Care Inc ($3.2m) and Resource Center for Independent Living Inc ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $81k (8.7% of expenses). Other salaries and wages came to $352k. At year end it held assets of $4.2m against liabilities of $22k, net assets of $4.2m. It reported 16 employees.