Garrett Mentors Inc

Analysis

Garrett Mentors Inc is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Garrett Mentors Inc reported income of $68k and spending of $88k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $68k (-2.9%), an average of -2.9% a year. Over the whole period it spent 133% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Garrett Mentors Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Local 926s Maria Concillo Memorial Scholarship Fund Inc ($68k), Parent Booster USA Inc ($68k) and Rose Lane Team Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $44k against liabilities of $2,504, net assets of $41k.