Galveston College Foundation

Analysis

Galveston College Foundation is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Galveston College Foundation reported income of $1.1m and spending of $534k, leaving 50% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $965k to $1.1m (+12%), an average of +2.8% a year. The sharpest change came in the year to August 2022, when income rose by 298%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galveston College Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Dixons Total Touch Child Development Center Inc ($1.1m), General Alumni Association of the University of Maine ($1.1m) and Center for Creative Education ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $24.1m against liabilities of $1,130, net assets of $24.1m.