Garfield Center Foundation Inc

Analysis

Garfield Center Foundation Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Garfield Center Foundation Inc reported income of $182k and spending of $278k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $258k to $182k (-29%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garfield Center Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Chautauqua Dance Circle Inc ($182k), Irish Outreach San Diego Inc ($182k) and Boston Singers Resource Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $78k. At year end it held assets of $1000k against liabilities of $72k, net assets of $928k. It reported 7 employees.