Galaxy Education Inc

Analysis

Galaxy Education Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Galaxy Education Inc reported income of $5.6m and spending of $5.8m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.0m to $5.6m (+40%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galaxy Education Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Newark Campus Development Fund ($5.6m), New American Academy Charter School ($5.6m) and Glenwood School Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $2.9m against liabilities of $1.3m, net assets of $1.6m. It reported 89 employees.