Galaxy Gives Action Fund Inc
Nonprofit profile at a glance
- EIN
- 871302772
- IRS 990-EZ coverage
- 2023–2023
- Forms available
- Form 990 2022, Form 990-EZ 2023
- Location
- Chinatown, NY, USA
- Phone
- 6022957598
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $5,000
- Expenses
- $5,100
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- WILLIAM WATTERSON (PRESIDENT)
People named in this filing
- MIKE NOVOGRATZ (DIRECTOR)
- XANDER SCHUTLZ (DIRECTOR)
- ROBERT ROOKS (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We support leaders and organizations building power, narratives, and solutions to dismantle systems of oppression, heal our communities, and transform our future.
What it reported doing in 2023
Philanthropy should not replace the role of government in providing social services and a strong social safety net; therefore, we invest primarily in projects driving towards systemic change.when we find leaders we believe in, we invest in them for the long term with unrestricted multi-year funding, provide additional technical support, and trust in them to succeed. We prioritize investing in individuals who have lived experience with the systems we want to change, including crime survivors, formerly incarcerated people, and those with family members in the system.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 27
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -101.7% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -149.9% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Moderate — Sustainability: Operating margin scored 42/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.