Garrett Community Center Inc

Analysis

Garrett Community Center Inc is a registered charity in United States, based in Garrett, IN. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Garrett Community Center Inc reported income of $2.2m and spending of $1.9m, spending 86% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.1m to $2.2m (+105%), an average of +27% a year. The sharpest change came in the year to May 2022, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Garrett Community Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Hospice of Jackson County Inc ($2.2m), Victim Assistance Program Inc ($2.2m) and Matthew 25 ($2.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $95k (5.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.4m against liabilities of $248k, net assets of $5.1m. It reported 94 employees.