Garland Isd Education Foundation

Analysis

Garland Isd Education Foundation is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in July 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Garland Isd Education Foundation reported income of $748k and spending of $555k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $604k to $748k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garland Isd Education Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Armstrong Cooper Youth Hockey Association ($748k), Willamette Valley Babe Ruth Baseball Inc ($749k) and Camden County Historical Society ($748k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $1.9m against liabilities of $124k, net assets of $1.8m.