The Galway University Foundation

Analysis

The Galway University Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Galway University Foundation reported income of $666k and spending of $608k, spending 91% of its income. Across the 6 years on record, from June 2019 to September 2023, income grew from $154k to $666k (+331%), an average of +34% a year. The sharpest change came in the year to September 2021, when income rose by 1017%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Galway University Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Birmingham Education Foundation ($666k), Y I E L D Inc ($666k) and Hoosier Educational Computer Coordinators Inc ($666k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $458k, net assets of $1.3m.