Garden Neighborhood Charities Inc

Analysis

Garden Neighborhood Charities Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Garden Neighborhood Charities Inc reported income of $197k and spending of $124k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $197k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Garden Neighborhood Charities Inc 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 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Chiefs Ambassadors Charitable Foundation ($197k), Gilbert Chamber of Commerce Foundation Inc ($197k) and Brookings Foundation ($197k).

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 $270k against liabilities of $48k, net assets of $222k.