Garrison Family Foundation
Garrison Family Foundation maintains stable assets and zero officer compensation, with fluctuating annual revenues.
EIN: 204886012 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Garrison Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Garrison Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Garrison Family Foundation
Garrison Family Foundation (EIN: 204886012) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $7.0M and total assets of $18.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garrison Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garrison Family Foundation is a mid-size nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-179,687 |
| Total Assets | $17.4M |
| Total Liabilities | $1 |
| Net Assets | $17.4M |
| Operating Margin | -15.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.2 months |
Financial Health Grade: B
In 2023, Garrison Family Foundation reported a deficit of $180K with expenses exceeding revenue, holds 154.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2015–2023), Garrison Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.3% | -46.6% | -1.0% |
| 2022 | +26.2% | +1040.6% | +0.8% |
| 2021 | -6.7% | -83.0% | +11.9% |
| 2020 | +69.6% | +1.1% | +6.5% |
| 2019 | +39.3% | +19.0% | -7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Garrison Family Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Garrison Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $180K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly unusual for an organization of its asset size ($17,993,550). This suggests a volunteer-led or externally funded leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Garrison Family Foundation's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing period (202312) by $179,687, indicating a deficit for that year.
- Fluctuating revenue streams, with a significant drop from $2,683,710 in 2022 to $1,173,660 in 2023, could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Garrison Family Foundation:
- Consistent reporting of $0 officer compensation across all filings, indicating highly efficient use of funds for mission.
- Maintains substantial assets, consistently above $14 million and recently at $17,993,550, providing financial stability.
- Extremely low liabilities, often reported as $1, demonstrating a very healthy balance sheet and minimal debt.
- NTEE code T22 (Grantmaking Foundations) suggests a clear focus on distributing funds to other nonprofits, aligning with a philanthropic mission.
Frequently Asked Questions about Garrison Family Foundation
Is Garrison Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Garrison Family Foundation (EIN: 204886012) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Garrison Family Foundation spend its money?
Garrison Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Garrison Family Foundation tax-deductible?
Garrison Family Foundation is registered as a tax-exempt nonprofit (EIN: 204886012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Garrison Family Foundation a good charity?
Based on the available data, the Garrison Family Foundation appears to be a well-managed grantmaking organization. It maintains substantial assets, reports zero officer compensation, and has minimal liabilities, all suggesting strong financial health and a focus on its mission without significant overhead for executive salaries.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have generally been in line with or slightly below its revenue in most years, such as in 2022 where revenue was $2,683,710 and expenses were $2,535,937. However, in 2023, expenses ($1,353,347) exceeded revenue ($1,173,660), and similarly in 2015, expenses ($1,085,863) exceeded revenue ($965,104). This indicates some variability in annual financial performance, but overall, it appears to manage its spending effectively.
What is the significance of $0 officer compensation?
Zero officer compensation is a significant indicator that the foundation's leadership is either entirely volunteer-based or compensated through other means not reported on the 990, such as through a related entity. This practice allows a very high percentage of the foundation's funds to be directed towards its programmatic goals, as there are no internal salary costs for top executives.
Filing History
IRS 990 filing history for Garrison Family Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Garrison Family Foundation's revenue has grown by 21.6%, moving from $965K to $1.2M. Total assets increased by 9.7% over the same period, from $15.8M to $17.4M. Total functional expenses rose by 24.6%, from $1.1M to $1.4M. In its most recent filing year (2023), Garrison Family Foundation reported a deficit of $180K, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $17.4M | $1 | — | — |
| 2022 | $2.7M | $2.5M | $17.6M | $1 | — | View 990 |
| 2021 | $2.1M | $222K | $17.4M | $1 | — | View 990 |
| 2020 | $2.3M | $1.3M | $15.6M | $1 | — | — |
| 2019 | $1.3M | $1.3M | $14.6M | $1 | — | View 990 |
| 2015 | $965K | $1.1M | $15.8M | $971K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $17.4M (revenue -56.3% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.5M, and assets of $17.6M (revenue +26.2% year-over-year).
- 2021: Revenue of $2.1M, expenses of $222K, and assets of $17.4M (revenue -6.7% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.3M, and assets of $15.6M (revenue +69.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $14.6M (revenue +39.3% year-over-year).
- 2015: Revenue of $965K, expenses of $1.1M, and assets of $15.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garrison Family Foundation:
Data Sources and Methodology
This transparency report for Garrison Family Foundation 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.