Mary K Garr Scholarship Foundation
Only null% goes to programs Strong reserves Growing revenue
Mary K Garr Scholarship Foundation is a 501(c)(3) organization based in Muncie, Indiana, registered in 1995, with $77,543 in FY2023 revenue. CharityIndex grades it F.
200 E Jackson St, Muncie, IN, 47305 EIN 35-1938040 Since 1995
Revenue (FY2023)
$78K
▲ 115.3% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$128K
Net assets
$1.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mary K Garr Scholarship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating116 mo reserves · -65% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mary K Garr Scholarship Foundation: 116 mo reserves · -65% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mary K Garr Scholarship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mary K Garr Scholarship Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 200 E Jackson St, Muncie, IN, 47305
- City
- Muncie
- State
- Indiana
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $70K (FY2017) to $78K (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $1.2M
Operating margin
-65.1%
Spent more than it raised in the latest fiscal year.
Total assets
$1.2M
Total liabilities
$0
Net assets
$1.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $77,543▲115% | $128,041▼31.8% | $1,239,701▼4.0% | $1,239,701▼4.0% | 990PF |
| 2022 | $36,022▼82.1% | $187,873▲42.0% | $1,290,735▼10.6% | $1,290,735▼10.6% | 990PF |
| 2021 | $200,913▲260% | $132,349▲76.8% | $1,443,004▲5.0% | $1,443,004▲5.0% | 990PF |
| 2020 | $55,860▼38.3% | $74,875▼33.4% | $1,374,643▼1.4% | $1,374,643▼1.4% | 990PF |
| 2019 | $90,584▼17.9% | $112,499▼2.5% | $1,393,658▼1.5% | $1,393,658▼1.5% | 990PF |
| 2018 | $110,297▲57.2% | $115,391▼1.7% | $1,415,573▼0.4% | $1,415,573▼0.4% | 990PF |
| 2017 | $70,160 | $117,350▲16.5% | $1,420,667▼9.2% | $1,420,667▼9.2% | 990PF |
| 2012 | — | $100,764▲7.5% | $1,563,991▼2.9% | $1,563,991▼2.9% | 990PF |
| 2011 | — | $93,692 | $1,610,537 | $1,610,537 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Mary K Garr Scholarship Foundation a legitimate nonprofit?
- Yes. Mary K Garr Scholarship Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-1938040, based in Muncie, Indiana. Donations are tax-deductible.
- What is Mary K Garr Scholarship Foundation's EIN?
- Mary K Garr Scholarship Foundation's Employer Identification Number (EIN) is 35-1938040.
- How much revenue does Mary K Garr Scholarship Foundation report?
- Mary K Garr Scholarship Foundation reported $77,543 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mary K Garr Scholarship Foundation have?
- CharityIndex grades Mary K Garr Scholarship Foundation F, based on financial health (reserves and operating margin).
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Data for Mary K Garr Scholarship Foundation (EIN 35-1938040) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.