Garfield Center Foundation Inc
EIN: 522343419 · Chestertown, MD · NTEE: A65
| Metric | Value |
|---|---|
| Total Revenue | $266K |
| Total Expenses | $278K |
| Net Assets | $928K |
Is Garfield Center Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Garfield Center Foundation Inc
Garfield Center Foundation Inc (EIN: 522343419) is a nonprofit organization based in Chestertown, MD, classified under NTEE code A65. The organization reported total revenue of $266K and total assets of $936K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garfield Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garfield Center Foundation Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $278K |
| Surplus / Deficit | $-96,416 |
| Total Assets | $1000K |
| Total Liabilities | $72K |
| Net Assets | $928K |
| Operating Margin | -53.0% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 43.1 months |
Financial Health Grade: B
In 2023, Garfield Center Foundation Inc reported a deficit of $96K with expenses exceeding revenue, holds 43.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Garfield Center Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.6% | -24.7% | -9.6% |
| 2022 | -24.9% | +46.4% | -8.2% |
| 2021 | +70.9% | +43.0% | -0.6% |
| 2020 | -23.0% | -46.9% | -5.5% |
| 2019 | -19.9% | -11.4% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Garfield Center Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Garfield Center Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $96K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.2%.
Frequently Asked Questions about Garfield Center Foundation Inc
Is Garfield Center Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Garfield Center Foundation Inc (EIN: 522343419) insufficient data. 0 red flags identified, 0 strengths noted.
How does Garfield Center Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Garfield Center Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Garfield Center Foundation Inc tax-deductible?
Garfield Center Foundation Inc is registered as a tax-exempt nonprofit (EIN: 522343419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Garfield Center Foundation Inc located?
Garfield Center Foundation Inc is headquartered in Chestertown, Maryland and files with the IRS under EIN 522343419. It is classified under NTEE code A65.
How many years of IRS 990 filings does Garfield Center Foundation Inc have?
Garfield Center Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $266K in total revenue.
Filing History
IRS 990 filing history for Garfield Center Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Garfield Center Foundation Inc's revenue has declined by 81.1%, moving from $963K to $182K. Total assets decreased by 31.6% over the same period, from $1.5M to $1000K. Total functional expenses rose by 1.1%, from $275K to $278K. In its most recent filing year (2023), Garfield Center Foundation Inc reported a deficit of $96K, with expenses exceeding revenue. The organization holds $72K in liabilities against $1000K in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $928K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $278K | $1000K | $72K | — | — |
| 2022 | $255K | $370K | $1.1M | $82K | — | View 990 |
| 2021 | $340K | $253K | $1.2M | $65K | — | View 990 |
| 2020 | $199K | $177K | $1.2M | $88K | — | — |
| 2019 | $258K | $333K | $1.3M | $110K | — | View 990 |
| 2018 | $322K | $376K | $1.4M | $167K | — | View 990 |
| 2017 | $334K | $330K | $1.4M | $99K | — | View 990 |
| 2016 | $263K | $345K | $1.4M | $105K | — | View 990 |
| 2015 | $255K | $313K | $1.5M | $84K | — | View 990 |
| 2014 | $271K | $370K | $1.6M | $121K | — | View 990 |
| 2013 | $285K | $395K | $1.6M | $99K | — | View 990 |
| 2012 | $584K | $372K | $1.8M | $112K | — | View 990 |
| 2011 | $963K | $275K | $1.5M | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182K, expenses of $278K, and assets of $1000K (revenue -28.6% year-over-year).
- 2022: Revenue of $255K, expenses of $370K, and assets of $1.1M (revenue -24.9% year-over-year).
- 2021: Revenue of $340K, expenses of $253K, and assets of $1.2M (revenue +70.9% year-over-year).
- 2020: Revenue of $199K, expenses of $177K, and assets of $1.2M (revenue -23.0% year-over-year).
- 2019: Revenue of $258K, expenses of $333K, and assets of $1.3M (revenue -19.9% year-over-year).
- 2018: Revenue of $322K, expenses of $376K, and assets of $1.4M (revenue -3.6% year-over-year).
- 2017: Revenue of $334K, expenses of $330K, and assets of $1.4M (revenue +27.3% year-over-year).
- 2016: Revenue of $263K, expenses of $345K, and assets of $1.4M (revenue +2.9% year-over-year).
- 2015: Revenue of $255K, expenses of $313K, and assets of $1.5M (revenue -5.9% year-over-year).
- 2014: Revenue of $271K, expenses of $370K, and assets of $1.6M (revenue -5.1% year-over-year).
- 2013: Revenue of $285K, expenses of $395K, and assets of $1.6M (revenue -51.1% year-over-year).
- 2012: Revenue of $584K, expenses of $372K, and assets of $1.8M (revenue -39.4% year-over-year).
- 2011: Revenue of $963K, expenses of $275K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garfield Center Foundation Inc:
Data Sources and Methodology
This transparency report for Garfield Center Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.