Garrison Institute

Analysis

Garrison Institute is a registered charity in United States, based in Garrison, NY. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Garrison Institute reported income of $4.8m and spending of $4.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.8m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Garrison Institute sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Mission for Educating Children with Autism ($4.8m), Friends of McGill University Inc ($4.8m) and Avalon Academy ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $222k (4.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.2m against liabilities of $613k, net assets of $632k. It reported 22 employees.