Edward J Gallager Jr Foundation Inc

Analysis

Edward J Gallager Jr Foundation Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Edward J Gallager Jr Foundation Inc reported income of $575k and spending of $1.1m, spending 190% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $575k (-55%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edward J Gallager Jr Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Basket of Hope ($575k), Mitchell Chang Foundation ($575k) and American Legion National Emergency Fund ($574k).

At year end it held assets of $15.5m against liabilities of $0, net assets of $15.5m.