Garrison Forest School Inc

Analysis

Garrison Forest School Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in January 1939, 87 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Garrison Forest School Inc reported income of $36.5m and spending of $28.7m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.2m to $36.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Garrison Forest School Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Huntingdon College ($36.5m), Future Leaders of Americafoundation Inc ($36.6m) and St Andrews Episcopal School Inc ($36.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $566k (2.0% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $109.1m against liabilities of $20.8m, net assets of $88.4m. It reported 277 employees.