Garretson Center Inc

Analysis

Garretson Center Inc is a registered charity in United States, based in Panhandle, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Garretson Center Inc reported income of $378k and spending of $373k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $378k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Garretson Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Bellevue Junior Sports Association ($378k), Conservancy for Healing & Heritage Inc ($378k) and Your Palisades Park Improvement Corporation ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $287k (77% of expenses). At year end it held assets of $483k against liabilities of $0, net assets of $483k. It reported 12 employees.