Galena Foundation Inc

Analysis

Galena Foundation Inc is a registered charity in United States, based in Galena, IL. It received its IRS tax-exemption ruling in May 1983, 43 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, Galena Foundation Inc reported income of $112k and spending of $52k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $112k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 210%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galena Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Gam-Anon International Service Office Inc ($112k), Duquoin Boys Club Inc ($112k) and Dixon Senior Center ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.