Garinger Education Foundation Inc

Analysis

Garinger Education Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Garinger Education Foundation Inc reported income of $235k and spending of $112k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $213k to $235k (+11%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Garinger Education Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Loyola Guild of Jesuit High ($235k), Law School Yes We Can ($235k) and Nevada Hands & Voices ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.