Galena Education Foundation

Analysis

Galena Education Foundation is a registered charity in United States, based in Galena, IL. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Education Foundation reported income of $77k and spending of $39k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $77k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 373%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galena Education Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include Marietta Kiwanis Foundation Fund Inc ($77k), Grace Episcopal Church Foundation ($77k) and PTA New Jersey Congress of Parents & Teachers ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.