Gilroy Garlic Festival Association Inc

Analysis

Gilroy Garlic Festival Association Inc is a registered charity in United States, based in Gilroy, CA. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 October 2023, Gilroy Garlic Festival Association Inc reported income of $139k and spending of $254k, spending 183% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $3.1m to $139k (-96%), an average of -54% a year. The sharpest change came in the year to October 2021, when income rose by 600%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gilroy Garlic Festival Association Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include First Fridays at Five Inc ($139k), Corporal Daegan Page Foundation ($139k) and Paul R Wharton Sr High School Athletic Booster Club Inc ($139k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 2.5% and program service revenue 96% of the total. At year end it held assets of $698k against liabilities of $57k, net assets of $642k.