Galax Foundation for Excellence in Education

Analysis

Galax Foundation for Excellence in Education is a registered charity in United States, based in Galax, VA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Galax Foundation for Excellence in Education reported income of $272k and spending of $160k, leaving 41% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $207k to $272k (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galax Foundation for Excellence in Education sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Comprehensive Education Corp ($271k), Kappa Alpha Psi Foundation of Metropolitan Baltimore Inc ($272k) and Basis Scottsdale Boosters Inc ($271k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% of the total. At year end it held assets of $4.5m against liabilities of $156k, net assets of $4.4m.