Garner Revitalization Association Inc

Analysis

Garner Revitalization Association Inc is a registered charity in United States, based in Garner, NC. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Garner Revitalization Association Inc reported income of $54k and spending of $75k, spending 139% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $63k to $54k (-15%), an average of -7.7% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Garner Revitalization Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Mullan Community Foundation Inc ($54k), Illinois River Area Community Organization ($54k) and Mase Faith Foundation Inc ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.