Garces Family Foundation

Analysis

Garces Family Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2012, 14 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 December 2023, Garces Family Foundation reported income of $551k and spending of $498k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $551k (+121%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 923%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Garces Family Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Head and Heart Philanthropy ($551k), Black Vegetarian Society of Maryland ($551k) and Healthy Solutions for Parents & Caregivers ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $96k (19% of expenses). Other salaries and wages came to $69k. At year end it held assets of $293k against liabilities of $11k, net assets of $283k. It reported 2 employees.