Garnet Health

Analysis

Garnet Health is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Garnet Health reported income of $3.8m and spending of $4.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $3.8m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Garnet Health sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Dubois-Douglas Centres ($3.8m), Neurocritical Care Society Inc ($3.8m) and Imogen Roche Foundation Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 102% of the total. At year end it held assets of $10.2m against liabilities of $7.7m, net assets of $2.5m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.