Galaxy Foundation Inc

Galaxy Foundation Inc. maintains substantial assets with minimal operational expenses and no executive compensation.

EIN: 202060980 · Hartland, WI · NTEE: T22 · Updated: 2026-03-28

$3.5MRevenue

$5.4MAssets

85/100Mission Score (Excellent)

T22

About Galaxy Foundation Inc

Galaxy Foundation Inc (EIN: 202060980) is a nonprofit organization based in Hartland, WI, classified under NTEE code T22. The organization reported total revenue of $3.5M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Galaxy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Galaxy Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Galaxy Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization operates without paid officers or that compensation is covered by an affiliated entity, which is highly efficient for an organization with over $3 million in assets.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Galaxy Foundation Inc:

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.

Frequently Asked Questions about Galaxy Foundation Inc

What is the primary purpose of Galaxy Foundation Inc. given its low expenses and high assets?

Based on its financial patterns (low expenses, high assets, NTEE T22), Galaxy Foundation Inc. likely functions as a private grantmaking foundation, accumulating and managing funds to distribute to other charitable organizations rather than directly operating programs.

How does Galaxy Foundation Inc. achieve such low operational expenses?

The organization consistently reports very low expenses, such as $6,875 in 2023 and $3,263 in 2022, and zero officer compensation. This suggests a highly volunteer-driven model or that administrative functions are absorbed by an affiliated entity, leading to exceptional operational efficiency.

Is the growth in assets indicative of effective financial management?

Yes, the significant growth in assets from $159,215 in 2012 to $3,410,131 in 2023, alongside minimal liabilities, strongly indicates effective financial management and asset accumulation.

Filing History

IRS 990 filing history for Galaxy Foundation Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Galaxy Foundation Inc's revenue has grown by 112.2%, moving from $42K to $88K. Total assets increased by 2911.6% over the same period, from $113K to $3.4M. Total functional expenses fell by 81.8%, from $38K to $7K. In its most recent filing year (2023), Galaxy Foundation Inc reported a surplus of $81K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$88K	$7K	$3.4M	$1	—	View 990
2022	$19K	$3K	$3.3M	$1	—	View 990
2021	$217K	$4K	$3.3M	$1	—	View 990
2020	$553K	$339K	$3.1M	$1	—	View 990
2019	$1.4M	$2K	$2.9M	$1	—	View 990
2015	$3K	$0	$518K	$0	—	View 990
2015	$14K	$3K	$516K	$1	—	View 990
2014	$10K	$112K	$504K	$1	—	View 990
2013	$887K	$440K	$606K	$1	—	View 990
2012	$47K	$619	$159K	$1	—	View 990
2011	$42K	$38K	$113K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $88K, expenses of $7K, and assets of $3.4M (revenue +363.0% year-over-year).
2022: Revenue of $19K, expenses of $3K, and assets of $3.3M (revenue -91.2% year-over-year).
2021: Revenue of $217K, expenses of $4K, and assets of $3.3M (revenue -60.7% year-over-year).
2020: Revenue of $553K, expenses of $339K, and assets of $3.1M (revenue -61.3% year-over-year).
2019: Revenue of $1.4M, expenses of $2K, and assets of $2.9M (revenue +50745.8% year-over-year).
2015: Revenue of $3K, expenses of $0, and assets of $518K (revenue -80.1% year-over-year).
2015: Revenue of $14K, expenses of $3K, and assets of $516K (revenue +46.1% year-over-year).
2014: Revenue of $10K, expenses of $112K, and assets of $504K (revenue -98.9% year-over-year).
2013: Revenue of $887K, expenses of $440K, and assets of $606K (revenue +1804.1% year-over-year).
2012: Revenue of $47K, expenses of $619, and assets of $159K (revenue +11.9% year-over-year).
2011: Revenue of $42K, expenses of $38K, and assets of $113K.

Data Sources and Methodology

This transparency report for Galaxy Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.