Galveston Bay Foundation

Analysis

Galveston Bay Foundation is a registered charity in United States, based in Kemah, TX. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Galveston Bay Foundation reported income of $19.3m and spending of $13.8m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $19.3m (+109%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 178%. Over the whole period it spent 64% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Galveston Bay Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Northeast Wilderness Trust ($19.3m), Solutions Project Inc ($19.4m) and Western Reserve Land Conservancy ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $358k (2.6% of expenses). Other salaries and wages came to $1.9m. It paid $25k in professional fundraising fees. At year end it held assets of $35.8m against liabilities of $1.5m, net assets of $34.3m. It reported 43 employees.