Dads Garage Inc

Analysis

Dads Garage Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1996, 30 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 July 2023, Dads Garage Inc reported income of $1.8m and spending of $1.9m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.0m to $1.8m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to July 2022, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dads Garage Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Miami Design Preservation League Inc ($1.8m), DHHRM Endowment Foundation Inc ($1.8m) and Youth on Record ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $140k (7.5% of expenses). Other salaries and wages came to $489k. At year end it held assets of $3.7m against liabilities of $2.0m, net assets of $1.7m. It reported 97 employees.