Garden of Remembrance Memorial PK Inc

Analysis

Garden of Remembrance Memorial PK Inc is a registered charity in United States, based in Clarksburg, MD. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 June 2020, Garden of Remembrance Memorial PK Inc reported income of $2.0m and spending of $1.8m, spending 87% of its income. Across the 2 years on record, from June 2019 to June 2020, income grew from $1.7m to $2.0m (+18%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garden of Remembrance Memorial PK Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Shirley Chisholm Day Care Center 2 ($2.0m), The Kalamazoo Civic Theatre ($2.0m) and Habitat for Humanity International Inc ($2.0m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 11% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $279k (16% of expenses). Other salaries and wages came to $393k. At year end it held assets of $12.7m against liabilities of $9.5m, net assets of $3.2m. It reported 12 employees.