Garland Trust Association Inc
EIN: 474190312 · New Haven, CT · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $80K |
| Net Assets | $47K |
Is Garland Trust Association 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 Trust Association Inc
Garland Trust Association Inc (EIN: 474190312) is a nonprofit organization based in New Haven, CT, classified under NTEE code B90. The organization reported total revenue of $8K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garland Trust Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garland Trust Association Inc is a micro nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $80K |
| Surplus / Deficit | $-66,865 |
| Total Assets | $1.6M |
| Total Liabilities | $1.6M |
| Net Assets | $47K |
| Operating Margin | -510.9% |
| Debt-to-Asset Ratio | 97.1% |
| Months of Reserves | 241.2 months |
Financial Health Grade: C
In 2023, Garland Trust Association Inc reported a deficit of $67K with expenses exceeding revenue, holds 241.2 months of operating reserves (strong position), has a debt-to-asset ratio of 97.1% (high leverage).
Financial Trends
Over 7 years of filings (2015–2023), Garland Trust Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.3% | -24.9% | -2.8% |
| 2022 | +161.2% | +48.3% | +15.9% |
| 2021 | +443.2% | +11.6% | +68.8% |
| 2020 | -81.8% | +111.5% | +84.2% |
| 2019 | +150502.0% | +566.7% | +4994.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Garland Trust Association 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 Trust Association 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 $67K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.1%.
Frequently Asked Questions about Garland Trust Association Inc
Is Garland Trust Association Inc a legitimate charity?
Garland Trust Association Inc (EIN: 474190312) is a registered tax-exempt nonprofit based in Connecticut. It has 7 years of IRS 990 filings on record. Total revenue: $8K. No red flags identified. Financial health grade: C.
How does Garland Trust Association Inc spend its money?
Garland Trust Association Inc reported $8K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Garland Trust Association Inc tax-deductible?
Garland Trust Association Inc is registered as a tax-exempt nonprofit (EIN: 474190312). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Garland Trust Association Inc located?
Garland Trust Association Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 474190312. It is classified under NTEE code B90.
How many years of IRS 990 filings does Garland Trust Association Inc have?
Garland Trust Association Inc has 7 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 $8K in total revenue.
Filing History
IRS 990 filing history for Garland Trust Association Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Garland Trust Association Inc's revenue has grown by 507.9%, moving from $2K to $13K. Total assets increased by 80128.4% over the same period, from $2K to $1.6M. Total functional expenses rose by 53202%, from $150 to $80K. In its most recent filing year (2023), Garland Trust Association Inc reported a deficit of $67K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $1.6M in assets (debt-to-asset ratio: 97.1%), resulting in net assets of $47K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $80K | $1.6M | $1.6M | — | — |
| 2022 | $194K | $106K | $1.7M | $1.5M | — | View 990 |
| 2021 | $74K | $72K | $1.4M | $1.4M | — | — |
| 2020 | $14K | $64K | $844K | $821K | — | View 990 |
| 2019 | $75K | $30K | $458K | $385K | — | View 990 |
| 2017 | $50 | $5K | $9K | $0 | — | View 990 |
| 2015 | $2K | $150 | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $80K, and assets of $1.6M (revenue -93.3% year-over-year).
- 2022: Revenue of $194K, expenses of $106K, and assets of $1.7M (revenue +161.2% year-over-year).
- 2021: Revenue of $74K, expenses of $72K, and assets of $1.4M (revenue +443.2% year-over-year).
- 2020: Revenue of $14K, expenses of $64K, and assets of $844K (revenue -81.8% year-over-year).
- 2019: Revenue of $75K, expenses of $30K, and assets of $458K (revenue +150502.0% year-over-year).
- 2017: Revenue of $50, expenses of $5K, and assets of $9K (revenue -97.7% year-over-year).
- 2015: Revenue of $2K, expenses of $150, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garland Trust Association Inc:
Data Sources and Methodology
This transparency report for Garland Trust Association 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.