Galluparts Inc

Analysis

Galluparts Inc is a registered charity in United States, based in Gallup, NM. It received its IRS tax-exemption ruling in December 2013, 13 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, Galluparts Inc reported income of $241k and spending of $194k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $206k to $241k (+17%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galluparts Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NM. Charities of a similar size with the same main cause include Miles Law School Inc ($241k), Mt St Joseph Association ($241k) and Southern Colorado Educational Television Consortium ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $54k (28% of expenses). At year end it held assets of $90k against liabilities of $0, net assets of $90k. It reported 3 employees.