Fifty Club of Galveston County Inc

Analysis

Fifty Club of Galveston County Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in January 1993, 33 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 June 2024, Fifty Club of Galveston County Inc reported income of $101k and spending of $55k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $88k to $101k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fifty Club of Galveston County Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Community Clothing Center Inc ($101k), Indian Senior Citizens Association ($101k) and James Scotty Cummings Charitable Trust ($101k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.