Garrett Sports Inc

Analysis

Garrett Sports Inc is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in November 2007, 19 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 August 2024, Garrett Sports Inc reported income of $129k and spending of $123k, spending 95% of its income. Across the 2 years on record, from August 2023 to August 2024, income fell from $135k to $129k (-4.0%), an average of -4.0% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Garrett Sports Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Gallatin Softball Association ($129k), Blade Junior Golf Classic ($129k) and Balboa Yacht Club Maritime Sciences and Seamanship Foundation ($129k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 6.4% and program service revenue 31% of the total. At year end it held assets of $289k against liabilities of $0, net assets of $289k.