Galileo Foundation US Inc

Analysis

Galileo Foundation US Inc is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Galileo Foundation US Inc reported income of $2.1m and spending of $2.1m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $112k to $2.1m (+1752%), an average of +165% a year. The sharpest change came in the year to December 2022, when income rose by 1108%. Over the whole period it spent 99% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Galileo Foundation US Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Committee Against Anti Asian Violen CE ($2.1m), Center on Race Poverty & Environment ($2.1m) and Mississippi Childrens Advocacy Center Inc ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (4.2% of expenses). At year end it held assets of $103k against liabilities of $0, net assets of $103k. It reported 1 employees.