Citizens of Georgia Power Educational Loan Fund Inc

Analysis

Citizens of Georgia Power Educational Loan Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Citizens of Georgia Power Educational Loan Fund Inc reported income of $65k and spending of $540, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16k to $65k (+296%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 1258%. Over the whole period it spent 1.1% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Citizens of Georgia Power Educational Loan Fund Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within GA. Charities of a similar size with the same main cause include Global Corner Inc ($65k), Providence Educational and Community Services ($65k) and Mexico Education Association ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.