Galesburg Public Schools Foundation

Analysis

Galesburg Public Schools Foundation is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in May 1988, 38 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, Galesburg Public Schools Foundation reported income of $149k and spending of $81k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $149k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galesburg Public Schools Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Tri State Regional Service Office Incorporated ($149k), Society of Colonial Wars in the State of New Jersey ($149k) and Boy Scouts of America ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $715k against liabilities of $200, net assets of $714k.