Penny F Garrett Sarcoma Foundation

Analysis

Penny F Garrett Sarcoma Foundation is a registered charity in United States, based in Damascus, VA. It received its IRS tax-exemption ruling in December 2023, 3 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, Penny F Garrett Sarcoma Foundation reported income of $111k and spending of $98k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $111k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 372%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Penny F Garrett Sarcoma Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include South Bay Drug Abuse Coalition Inc ($111k), Benjamin Wellness Center Inc ($111k) and Lydia Cancer Association Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.