Garretts Space

Analysis

Garretts Space is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in May 2019, 7 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, Garretts Space reported income of $4.8m and spending of $295k, leaving 94% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $391k to $4.8m (+1130%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 506%. Over the whole period it spent 9.8% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Garretts Space sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Potomac Home Support Inc ($4.8m), Walworth County Care Center Inc ($4.8m) and Childserve Clinic Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $8.5m against liabilities of $2.8m, net assets of $5.7m. It reported 2 employees.