Galaxy Foundation

Nonprofit profile at a glance

EIN
823190985
IRS 990-PF coverage
2018–2024
Forms available
Form 990-PF 2024
Location
Saratoga, CA, USA
Phone
4088937304
Rating
66
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$232,805
Expenses
$23,534

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Private Grantmaking Foundations

What it reported funding in 2024

The foundation reported 4 grants totaling $475. The stated grant purposes included to bring growing audiences together to experience the transformative power of opera, focusing on artistic excellence, diversity, innovation, and community engagement, while championing new works, training young artists, and developing new audiences through arts education and outreach., to help cornell students to do the greatest good and make the world a better place., and to unite innovative research and compassionate care to prevent and eliminate cancer and infectious disease. were driven by the urgency of our patients, the hope of our community and our passion to pursue discoveries, scientific breakthroughs and healthier lives for every person in every community., plus 1 other reported purpose.

Operating model

Revenue model
Donor-supported. 91% of the foundation's positive operating resources came from contributions.
Distribution model
Direct operator. The foundation carried out 98% of its reported charitable disbursements directly.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - The filed numbers largely add up and the filing identifies who received its grants. A relatively small share of spending goes to grants and a relatively small share of available resources goes to charitable grants.

Rating breakdown

  • Grant Deployment: 51
  • Cost Efficiency: 2
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 100

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 51.4%; rating input score 51; 7th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 2%; rating input score 2; 8th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 1,706.68; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 51.4% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 100th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Cost Efficiency: Grant expense ratio scored 2/100.
  • Review — Grant Deployment: Grant deployment ratio scored 51/100.