Garland Memorial Fund

Analysis

Garland Memorial Fund is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Garland Memorial Fund reported income of $66k and spending of $70k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $112k to $66k (-41%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 133%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Garland Memorial Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include John Ball Area Neighbors Inc ($66k), Wisconsin Energy Workforce Consortium Inc ($66k) and Chase City Community Services Inc ($66k).

At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.