Is Garrison Institute Legit?

The Garrison Institute demonstrates a generally stable financial position with consistent revenue generation over the past several years, averaging around $3.5-$4.5 million annually. In the most recent filing (202312), the organization reported revenue of $4,784,583 against expenses of $4,516,299, indicating a surplus. This trend of operating with a surplus is also evident in 202212 and 202112, suggesting sound financial management after a period of deficits in 201912 and 202012. The organization's assets have shown growth, reaching $1,245,209 in 202312, which provides a reasonable buffer against liabilities of $612,941. Spending efficiency appears to be a strength, as the organization consistently manages to keep expenses below or close to revenue, particularly in recent years. The absence of reported officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice is highly commendable and suggests a volunteer-driven or very low-cost leadership structure. Overall, the Garrison Institute exhibits good financial health and strong transparency, particularly concerning executive compensation. While there were periods of operating deficits, the recent trend shows a return to financial stability and growth in assets. The consistent filing of IRS 990s over 14 periods further underscores their commitment to public accountability.