Galaxy Charitable Foundation Inc is located in Indianapolis, IN. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galaxy Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Galaxy Charitable Foundation Inc generated $24.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $8.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DISTRIBUTION OF FUNDS TO CENTRAL INDIANA CHARITIES THAT PROVIDE EDUCATION, TREATMENT OF ADDICITIONS, AID IN HOMELESSNESS, SUPPORT OF RECOVERING VETERANS, AND PREVENTION OF CRIME
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Donald Steel Secretary | 1 | $1,500 | |
Larry Griggers Treasurer | 1 | $1,500 | |
Kim Graham Lee President | 1 | $1,500 | |
Shelli Austin Vice-President | 1 | $1,500 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,595 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $74 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,669 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,000 |
| Professional fees and other payments to independent contractors | $855 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $694 |
| Total expenses | $8,549 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,632 |
| Other assets | $0 |
| Total assets | $29,632 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,632 |