Galilee Community Development

Analysis

Galilee Community Development is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Galilee Community Development reported income of $3.1m and spending of $2.6m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.1m (+153%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Galilee Community Development sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Homeless and Housing Coalition of Kentucky Inc ($3.1m), Long Beach Affordable Housing ($3.1m) and Sunshine Christian Homes Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $79k (3.0% of expenses). At year end it held assets of $2.7m against liabilities of $310k, net assets of $2.4m. It reported 10 employees.