Garrett Chapel Memorial Trust

Analysis

Garrett Chapel Memorial Trust is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in December 1959, 67 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Garrett Chapel Memorial Trust reported income of $126k and spending of $71k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $126k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garrett Chapel Memorial Trust sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Paddle 4 Troops Inc ($126k), Little League Baseball Inc ($126k) and Hood River Swim Team Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.2m against liabilities of $4,050, net assets of $1.2m. It reported 1 employees.