Garret Torney Foundation

Analysis

Garret Torney Foundation is a registered charity in United States, based in Summerfield, NC. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Garret Torney Foundation reported income of $101k and spending of $120k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $101k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Garret Torney Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Blue Watch ($101k), Safety Harm Reduction Education & Delivery Inc ($101k) and Monroe Health Foundation Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. It paid $13k in professional fundraising fees. At year end it held assets of $44k against liabilities of $0, net assets of $44k.