Leo and Katherine Gallagher 1-1896 Char Tr is a 501(c)(3) organization based in Brooklyn, Ohio, registered in 1971, with $51,211 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$51K
▼ 36.9% vs prior year
Expenses (FY2024)
$80K
Net assets
$394K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Leo and Katherine Gallagher 1-1896 Char Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Leo and Katherine Gallagher 1-1896 Char Tr: 59 mo reserves · -56% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Leo and Katherine Gallagher 1-1896 Char Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Leo and Katherine Gallagher 1-1896 Char Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $24K (FY2020) to $51K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
-55.8%
Spent more than it raised in the latest fiscal year.
Total assets
$394K
Total liabilities
$0
Net assets
$394K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $51,211▼36.9% | $79,808▲1.7% | $394,048▼6.8% | $394,048▼6.8% | 990PF |
| 2023 | $81,095▲69.6% | $78,459▼3.2% | $422,672▲0.6% | $422,672▲0.6% | 990PF |
| 2022 | $47,809▼36.0% | $81,074▲0.8% | $420,054▼7.3% | $420,054▼7.3% | 990PF |
| 2021 | $74,741▲215% | $80,397▼1.3% | $453,318▼1.2% | $453,318▼1.2% | 990PF |
| 2020 | $23,714 | $81,460 | $458,989 | $458,989 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Leo and Katherine Gallagher 1-1896 Char Tr (EIN 23-7131679) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.