Garrett Road Apartments Inc

Analysis

Garrett Road Apartments Inc is a registered charity in United States, based in Bastrop, LA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2024, Garrett Road Apartments Inc reported income of $78k and spending of $98k, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $96k to $78k (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Garrett Road Apartments Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within LA. Charities of a similar size with the same main cause include Cambria Community Healthcare District TR ($78k), Heart of Virginia Free Clinic ($78k) and Partnership for Proactive Health Inc ($78k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 75% of the total. Other salaries and wages came to $4,969. At year end it held assets of $699k against liabilities of $53k, net assets of $646k.

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.