Garaway Released Time Religious Education Committee

Analysis

Garaway Released Time Religious Education Committee is a registered charity in United States, based in Sugarcreek, OH. It received its IRS tax-exemption ruling in October 1974, 52 years ago. 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, Garaway Released Time Religious Education Committee reported income of $70k and spending of $49k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $70k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garaway Released Time Religious Education Committee sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Fort Vallonia Days Association Inc ($70k), Southwest Rural Communities Fire Dept Association ($70k) and Volunteers of America Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $81k against liabilities of $14k, net assets of $67k.