Garvey School

Analysis

Garvey School is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Garvey School reported income of $240k and spending of $534k, spending 222% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $141k to $240k (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 157% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Garvey School 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 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Greenwich Free Library ($240k), Us-China Cultural Institute Inc ($240k) and Dallas A&m Club ($240k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $144k. At year end it held assets of $80k against liabilities of $1.0m, net assets of -$955k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.