Argos Garden Court Inc

Analysis

Argos Garden Court Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 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 June 2024, Argos Garden Court Inc reported income of $161k and spending of $198k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $144k to $161k (+12%), an average of +2.8% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Argos Garden Court Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include Two Lives Changed ($161k), Financial Education Services Inc ($161k) and Bremerton Backpack Brigade ($161k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 32% and program service revenue 67% of the total. At year end it held assets of $770k against liabilities of $27k, net assets of $743k.

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.