Garrett Memorial Christian School Inc

Analysis

Garrett Memorial Christian School Inc is a registered charity in United States, based in Hope, AR. It received its IRS tax-exemption ruling in July 2019, 7 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 July 2023, Garrett Memorial Christian School Inc reported income of $778k and spending of $798k, spending 103% of its income. Across the 6 years on record, from July 2018 to July 2023, income fell from $880k to $778k (-12%), an average of -2.4% a year. The sharpest change came in the year to July 2022, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Garrett Memorial Christian School Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within AR. Charities of a similar size with the same main cause include Anabaptist Scholarship Foundation of Virginia ($777k), Sound Start Babies Foundation for Deaf and Hard of Hearing Children ($778k) and Hebrew Day School of Sullivan County ($777k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $354k (44% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 57 employees.

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.