The Peggy and John Garson Family Foundation

Analysis

The Peggy and John Garson Family Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Peggy and John Garson Family Foundation reported income of $425k and spending of $228k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $425k (-69%), an average of -25% a year. The sharpest change came in the year to June 2022, when income rose by 3405%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Peggy and John Garson Family Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Outreach of America Inc ($425k), Tamworth Foundation ($425k) and Tech Foundation Inc ($425k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.3m against liabilities of $565k, net assets of $702k.