Galveston Chamber Partnership Inc

Analysis

Galveston Chamber Partnership Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Galveston Chamber Partnership Inc reported income of $197k and spending of $157k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $119k to $197k (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Galveston Chamber Partnership Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Dignitas Project ($197k), Willow Springs Community Foundation ($197k) and Child and Youth Development Center My Way Inc ($197k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $60k, net assets of $58k.