Garrets Promise Inc

Analysis

Garrets Promise Inc is a registered charity in United States, based in East Quogue, NY. It received its IRS tax-exemption ruling in July 2022, 4 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, Garrets Promise Inc reported income of $94k and spending of $79k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $94k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Garrets Promise Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Los Angeles Society of Ophthalmology ($94k), Project Share VII Inc ($94k) and The Tiller Foundation ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.