Friends of the Garvan Institute of Medical Research

Analysis

Friends of the Garvan Institute of Medical Research is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover medical research, 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, Friends of the Garvan Institute of Medical Research reported income of $595k and spending of $595k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $595k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 145%. 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, Friends of the Garvan Institute of Medical Research sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Highland Joint Township District Hospital Foundation ($595k), American Foundation of Savoy Orders Incorporated ($595k) and More Smiles Wisconsin Inc ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,069 against liabilities of $1,250, net assets of $819.