Charity Search / GALVESTON CHAMBER PARTNERSHIP INC
Community Improvement (S20Z) IRS Verified DX Registered 990 on File

GALVESTON CHAMBER PARTNERSHIP INC

EIN: 76-0364151 · GALVESTON, TX 77550-1591 · United States · FY 2024 Data
3 out of 5 48 / 100 Based on 2+ years of filings
Financial strength (30%) 49/100
Reliability (20%) 55/100
Effectiveness (25%) 90/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

The purpose or purposes for which the corporation is organized are: 1. To operate exclusively for charitable, educational and scientific purposes, including the solicitation and distribution of funds or other property for such purposes to organizations that qualify as exempt organization sunder Section 501 (c) (3) of the Internal Revenue Code (or the corresponding provision of any future United States Internal Revenue law); 2. To advance and diffuse knowledge and understanding of matters of public concern, finance, education and training, housing , human relations, problems of minority groups, science and technology, economic planning and development, and other subjects related to improved development, efficiency and acceleration of both the quality and quantity of economic growth and development through the undertaking of public activities and promotions, studies and research, and to conduct training courses, seminars, forums and lectures, and any other activity tending to promote understanding, unification or improved relationships between different economic or ethnic groups; 3. To advance the welfare of the general public by lessening the burdens of government through research of market data, assisting local governmental leaders and community development programs, operating briefing centers designed to educate citizens and prospective residents, implementing beautification and improvement studies with governmental officials, assisting in environmental improvement programs recognizing the need for a healthy balance between jobs and the environment, increasing citizens’ understanding of labor, management and community problems, identifying and assisting in minority business development, and providing current public information for such purposes; 4. To solicit and disburse funds to be used to support all of the above purposes; 5. To engage in any other activity permitted of a corporation organized exclusively for charitable, educational and scientific purposes, provided such activity is not forbidden by the Texas Non-Profit Corporation Act or by any other laws and such activity doe jeopardize the tax exempt status of this corporation under Section 501 (c) (3) of the Internal Revenue Code (or the corresponding provision of any future United States Internal Revenue law).

Financial Overview — FY 2024
$159K
Total Revenue
$171K
Total Expenses
$18K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 100.0%
Fundraising Efficiency N/A
Operating Reserve 1.24x
Liability-to-Asset 71.8%
Revenue Diversification 100.0%
Compared with Peers
FY 2024
Compared with 4,285 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
100.0% 83.7%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
0.0% 13.2%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
1.2 mo 11.3 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
71.8% 3.1%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
100.0% 92.2%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-13.6% 7.1%
P10P90
Expense growth
Year over year expense growth
-19.8% 9.1%
P10P90
Surplus margin
Surplus as a share of revenue
-7.4% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $159K $171K $18K 100.0% 0
2023 $184K $213K $29K 100.0% 0
2022 $197K $157K $58K 100.0% 0
2021 $241K $97K N/A 0
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Organization Details
EIN
76-0364151
State
TX
City
GALVESTON
ZIP
77550-1591
Classification
S20Z
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1991
Foundation Code
15
Form 990
On File
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