Frederick-Garrett Residence Inc

Analysis

Frederick-Garrett Residence Inc is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Frederick-Garrett Residence Inc reported income of $75k and spending of $50k, leaving 33% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $73k to $75k (+2.8%), an average of +2.8% a year. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frederick-Garrett Residence Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Hawkeye Housing NFP ($75k), Arizona Assistance in Health Care Inc ($75k) and Monticello Homes for Elderly Inc ($75k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $135k against liabilities of $78k, net assets of $57k.