Garrett Cooperative Ministry Inc

Analysis

Garrett Cooperative Ministry Inc is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Garrett Cooperative Ministry Inc reported income of $543k and spending of $258k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $543k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Garrett Cooperative Ministry Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Seeds of Roseland ($543k), Hope in Our City ($543k) and Society of St Vincent de Paul Lapine or ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. Other salaries and wages came to $30k. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.