The Cameron K Gallagher Foundation

Analysis

The Cameron K Gallagher Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Cameron K Gallagher Foundation reported income of $493k and spending of $603k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $652k to $493k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Cameron K Gallagher Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Branches Pregnancy and Family Center Inc ($493k), HFL Harbor Gateway Homes ($493k) and Grand Rapids Pickleball Inc ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $83k (14% of expenses). Other salaries and wages came to $221k. At year end it held assets of $555k against liabilities of $0, net assets of $555k. It reported 7 employees.