Garden Terrace

Analysis

Garden Terrace is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in November 1968, 58 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Garden Terrace reported income of $1.8m and spending of $1.6m, spending 92% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.6m to $1.8m (+8.6%), an average of +2.8% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garden Terrace sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Habitat for Humanity York Inc ($1.8m), Family Promise of Bergen County a New Jersey Non Profit Corporation ($1.8m) and On Track Ministries Inc ($1.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Other salaries and wages came to $495k. At year end it held assets of $4.4m against liabilities of $4.6m, net assets of -$205k. It reported 22 employees.