Garnie W & Zoe H McGinty TR

Analysis

Garnie W & Zoe H McGinty TR is a registered charity in United States, based in Ruston, LA. It received its IRS tax-exemption ruling in January 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Garnie W & Zoe H McGinty TR reported income of $102k and spending of $93k, spending 92% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $85k to $102k (+20%), an average of +4.7% a year. The sharpest change came in the year to August 2021, when income rose by 72%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garnie W & Zoe H McGinty TR sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within LA. Charities of a similar size with the same main cause include Union City Public Library ($102k), San Francisco Spikes ($102k) and Ace Mentor Program of the Greater Washington Metropolitan Area Inc ($102k).

Compensation of current officers, directors and key employees was $23k (24% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.