Galbreath Family Charities Inc

Analysis

Galbreath Family Charities Inc is a registered charity in United States, based in Winamac, IN. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Galbreath Family Charities Inc reported income of $122k and spending of $75k, leaving 38% of income unspent that year. Across the 2 years on record, from April 2021 to March 2023, income grew from $59k to $122k (+106%), an average of +106% a year. The sharpest change came in the year to March 2023, when income rose by 106%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Galbreath Family Charities Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Orion Center Inc ($122k), Kim Eung Hwa & Korean Dance Academy ($122k) and Boonville Band Sponsors Club Inc ($122k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.