The Galloway School

Analysis

The Galloway School is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in September 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Galloway School reported income of $2.7m and spending of $2.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.7m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Galloway School 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 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Young Mens Christian Association of the Wabash Valley Inc ($2.7m), Nora School ($2.7m) and Saratoga Center for the Family ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $126k (4.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.5m against liabilities of $498k, net assets of $7.0m. It reported 69 employees.