Galveston Independent School District Educational Foundation

Analysis

Galveston Independent School District Educational Foundation is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Galveston Independent School District Educational Foundation reported income of $451k and spending of $423k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $343k to $451k (+31%), an average of +7.0% a year. The sharpest change came in the year to August 2022, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galveston Independent School District Educational Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Chesterton Academy of St Philip Neri ($451k), Vmi Inc ($451k) and Friends of St Johns Medical College Inc ($451k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $75k (18% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.1m against liabilities of $2,773, net assets of $1.1m.