Jubilee Gift Galaxy Inc

Analysis

Jubilee Gift Galaxy Inc is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jubilee Gift Galaxy Inc reported income of $2.4m and spending of $3.3m, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.7m to $2.4m (-14%), an average of -14% a year. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jubilee Gift Galaxy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Southern Colorado Community Foundation ($2.4m), MBCH Foundation ($2.4m) and Community Foundation of Southwest Kansas ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $195k (6.0% of expenses). At year end it held assets of $2.9m against liabilities of $36k, net assets of $2.9m. It reported 1 employees.