Quick charity verification for Galaxy Foundation Inc (EIN: 202060980)
Verdict: Galaxy Foundation Inc appears trustworthy
85/100Mission Score
$3.5MRevenue
$5.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Exceptional financial stability with growing assets ($3,410,131 in 2023) and minimal liabilities ($1 in 2023).
Highly efficient operations with consistently low expenses relative to revenue and assets (e.g., $6,875 expenses on $88,369 revenue in 2023).
Zero reported officer compensation across all filings, indicating a volunteer-driven or extremely lean leadership structure.
Strong transparency with 11 IRS 990 filings available.
Consistent asset growth over more than a decade.
Spending Breakdown
How Galaxy Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Galaxy Foundation Inc
Is Galaxy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Galaxy Foundation Inc (EIN: 202060980) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Galaxy Foundation Inc a good charity to donate to?
Galaxy Foundation Inc has a Mission Score of 85/100. Revenue: $3.5M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Galaxy Foundation Inc?
The Employer Identification Number (EIN) for Galaxy Foundation Inc is 202060980. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Galaxy Foundation Inc spend its money?
Galaxy Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Galaxy Foundation Inc's tax-exempt status?
You can verify Galaxy Foundation Inc's tax-exempt status using EIN 202060980 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Galaxy Foundation Inc. demonstrates a unique financial profile, primarily functioning as a grant-making or asset-holding entity rather than a direct service provider with significant operational expenses. Over its filing history, the organization has consistently reported minimal expenses relative to its revenue and assets. For instance, in 2023, with revenue of $88,369, expenses were only $6,875. This pattern suggests a focus on accumulating and managing assets, which have grown substantially from $159,215 in 2012 to $3,410,131 in 2023. The consistent reporting of $1 in liabilities across multiple years, and zero officer compensation, indicates a very lean operational structure and high financial stability. However, the low expense figures also mean there isn't a traditional 'program spending' ratio to evaluate, as most of its activity appears to be related to asset management or grant distribution rather than direct program delivery.
The organization's transparency is high regarding its financial reporting, with 11 filings available and consistent data. The absence of officer compensation is a notable positive for efficiency. However, without more detailed information on how its assets are ultimately deployed (e.g., grants made to other organizations, if applicable), it's challenging to fully assess its programmatic impact. The NTEE code T22 (Private Grantmaking Foundations) supports the interpretation that its primary function is grantmaking, which would explain the low direct expenses. Its financial health is robust, with significant assets and minimal liabilities, indicating excellent solvency and long-term sustainability.