Galilee Majestic Arms Incorporated

Analysis

Galilee Majestic Arms Incorporated is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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 2022, Galilee Majestic Arms Incorporated reported income of $7.4m and spending of $281k, leaving 96% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $560k to $7.4m (+1216%), an average of +136% a year. The sharpest change came in the year to December 2022, when income rose by 1372%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Galilee Majestic Arms Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include New Way Academy ($7.4m), Interstate Renewable Energy Council ($7.4m) and Covenant Christian Academy Inc ($7.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 38% and program service revenue 4.9% of the total. Other salaries and wages came to $33k. At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m.