David H Garrett Foundation

Analysis

David H Garrett Foundation is a registered charity in United States, based in Simpsonville, SC. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2022, David H Garrett Foundation reported income of $198k and spending of $140k, leaving 29% of income unspent that year. Across the 3 years on record, from May 2020 to May 2022, income grew from $143k to $198k (+39%), an average of +18% a year. The sharpest change came in the year to May 2021, when income rose by 91%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, David H Garrett Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include E Kneale Dockstader Foundation ($198k), Luma Arts Initiative Inc ($198k) and Greater Flint Orthodox Endowment Fund Inc ($198k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 52% of the total. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.