The Guardian Foundation Inc

Analysis

The Guardian Foundation Inc is a registered charity in United States, based in Ooltewah, TN. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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 June 2023, The Guardian Foundation Inc reported income of $8.8m and spending of $2.5m, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $8.8m (+252%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 360%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Guardian Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include University of Maryland Neurology Associates Pa ($8.8m), Catholic Charities of the Rio Grande Valley ($8.8m) and RFS Charitable Foundation ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $1.2m (47% of expenses). Other salaries and wages came to $512k. At year end it held assets of $23.4m against liabilities of $4.0m, net assets of $19.5m. It reported 7 employees.