Luke Garrison Foundation

Analysis

Luke Garrison Foundation is a registered charity in United States, based in Linville, NC. It received its IRS tax-exemption ruling in August 2016, 10 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 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, Luke Garrison Foundation reported income of $260k and spending of $61k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $260k (+83%), an average of +16% a year. The sharpest change came in the year to December 2022, when income dropped by 101%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Luke Garrison Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Mesa County RSVP Inc ($260k), Maqasid Institute ($260k) and Mater Filius of Nebraska Inc ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.