Galactic Tribe Inc

Analysis

Galactic Tribe Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in September 2021, 5 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 December 2023, Galactic Tribe Inc reported income of $128k and spending of $184k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $128k (-14%), an average of -14% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galactic Tribe Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include TLB Booster Club ($128k), Lakeside High School Dugout Club Inc ($128k) and Childrens Center for Behavioral Development ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.