Garland House Inc
EIN: 611388109 · Louisville, KY · NTEE: P73
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $76K |
| Net Assets | $357K |
Is Garland House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Garland House Inc
Garland House Inc (EIN: 611388109) is a nonprofit organization based in Louisville, KY, classified under NTEE code P73. The organization reported total revenue of $75K and total assets of $355K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garland House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garland House Inc is a micro nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $76K |
| Surplus / Deficit | +$7K |
| Total Assets | $369K |
| Total Liabilities | $11K |
| Net Assets | $357K |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 57.9 months |
Financial Health Grade: A
In 2023, Garland House Inc reported a surplus of $7K with revenue exceeding expenses, holds 57.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Garland House Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +113.5% | +29.0% | -3.3% |
| 2022 | -22.4% | -4.5% | +0.2% |
| 2021 | +1.3% | -1.2% | -3.2% |
| 2020 | -0.1% | -1.4% | -2.7% |
| 2019 | +10.7% | +5.1% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Garland House 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 Garland House 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 surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Frequently Asked Questions about Garland House Inc
Is Garland House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Garland House Inc (EIN: 611388109) insufficient data. 0 red flags identified, 0 strengths noted.
How does Garland House Inc spend its money?
Detailed spending breakdown data is not yet available for Garland House Inc. Check back for updated IRS 990 analysis.
Are donations to Garland House Inc tax-deductible?
Garland House Inc is registered as a tax-exempt nonprofit (EIN: 611388109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Garland House Inc located?
Garland House Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 611388109. It is classified under NTEE code P73.
How many years of IRS 990 filings does Garland House Inc have?
Garland House Inc has 10 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 $75K in total revenue.
Filing History
IRS 990 filing history for Garland House Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Garland House Inc's revenue has declined by 76.9%, moving from $361K to $83K. Total assets decreased by 21.7% over the same period, from $471K to $369K. Total functional expenses rose by 67.9%, from $46K to $76K. In its most recent filing year (2023), Garland House Inc reported a surplus of $7K, with revenue exceeding expenses. The organization holds $11K in liabilities against $369K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $357K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $76K | $369K | $11K | — | View 990 |
| 2022 | $39K | $59K | $382K | $31K | — | View 990 |
| 2021 | $50K | $62K | $381K | $10K | — | — |
| 2020 | $50K | $63K | $393K | $11K | — | View 990 |
| 2019 | $50K | $64K | $404K | $9K | — | View 990 |
| 2018 | $45K | $61K | $421K | $11K | — | View 990 |
| 2017 | $111K | $62K | $439K | $13K | — | View 990 |
| 2016 | $37K | $55K | $447K | $71K | — | View 990 |
| 2015 | $29K | $63K | $459K | $64K | — | View 990 |
| 2014 | $361K | $46K | $471K | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $83K, expenses of $76K, and assets of $369K (revenue +113.5% year-over-year).
- 2022: Revenue of $39K, expenses of $59K, and assets of $382K (revenue -22.4% year-over-year).
- 2021: Revenue of $50K, expenses of $62K, and assets of $381K (revenue +1.3% year-over-year).
- 2020: Revenue of $50K, expenses of $63K, and assets of $393K (revenue -0.1% year-over-year).
- 2019: Revenue of $50K, expenses of $64K, and assets of $404K (revenue +10.7% year-over-year).
- 2018: Revenue of $45K, expenses of $61K, and assets of $421K (revenue -59.6% year-over-year).
- 2017: Revenue of $111K, expenses of $62K, and assets of $439K (revenue +203.1% year-over-year).
- 2016: Revenue of $37K, expenses of $55K, and assets of $447K (revenue +27.1% year-over-year).
- 2015: Revenue of $29K, expenses of $63K, and assets of $459K (revenue -92.0% year-over-year).
- 2014: Revenue of $361K, expenses of $46K, and assets of $471K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garland House Inc:
Data Sources and Methodology
This transparency report for Garland House 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.