Garfield Park Neighborhoods Association

Analysis

Garfield Park Neighborhoods Association is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Garfield Park Neighborhoods Association reported income of $155k and spending of $111k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $170k to $155k (-9.0%), an average of -9.0% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garfield Park Neighborhoods Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include National Council of Negro Women Inc ($155k), Providence Food Pantry of West Terre Haute Indiana Inc ($155k) and Colorado Adult Soccer Association Inc ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $119k against liabilities of $8,106, net assets of $111k.