Galaxy Art Group for Children

Analysis

Galaxy Art Group for Children is a registered charity in United States, based in Dublin, CA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Galaxy Art Group for Children reported income of $81k and spending of $94k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $50k to $81k (+62%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 234%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Galaxy Art Group for Children sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Bangladesh Association of New England ($81k), Waterford Concert Series ($81k) and Uptown Music Theatre ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.