Ten Garofalo Street Corporation

Analysis

Ten Garofalo Street Corporation is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ten Garofalo Street Corporation reported income of $143k and spending of $493k, spending 345% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $168k to $143k (-15%), an average of -4.0% a year. Over the whole period it spent 335% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ten Garofalo Street Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Four Winds Professional Guild ($143k), International Spine Research Foundation Inc ($143k) and Hearth Foundation Inc ($143k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9.8m against liabilities of $11.5m, net assets of -$1.8m.

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.