Garland Estates for Seniors Inc

Analysis

Garland Estates for Seniors Inc is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Garland Estates for Seniors Inc reported income of $212k and spending of $266k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $212k (+17%), an average of +3.9% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garland Estates for Seniors Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Burkesville Manor Inc ($211k), Rites of Passage Development Inc ($212k) and Teton Senior Housing Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.1m against liabilities of $59k, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.