Scholarship Foundation of Southwest Georgia Inc

Analysis

Scholarship Foundation of Southwest Georgia Inc is a registered charity in United States, based in Bainbridge, GA. It received its IRS tax-exemption ruling in May 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Scholarship Foundation of Southwest Georgia Inc reported income of $226k and spending of $59k, leaving 74% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $382k to $226k (-41%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 376%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scholarship Foundation of Southwest Georgia Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Edward C Smith Civic Center of Lexington Inc ($226k), Pharmacy Foundation of the University of Missouri ($226k) and Dawn of Hope Foundation ($226k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 4.2% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.