Friends of Garfield Park Inc

Analysis

Friends of Garfield Park Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Friends of Garfield Park Inc reported income of $2.8m and spending of $220k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $2.8m (+1655%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 570%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Garfield Park Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Bay Area Disruptor and Startup Support Labs ($2.8m), Seattle Arts and Lectures Inc ($2.8m) and American Friends of the Louvre Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.