Georgia Tax Credit Scholarship Program Incorporated

Analysis

Georgia Tax Credit Scholarship Program Incorporated is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Georgia Tax Credit Scholarship Program Incorporated reported income of $74k and spending of $140k, spending 189% of what it took in. Across the 6 years on record, from September 2018 to September 2023, income fell from $1.3m to $74k (-94%), an average of -43% a year. The sharpest change came in the year to September 2023, when income dropped by 93%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgia Tax Credit Scholarship Program Incorporated sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Angels Camp Museum Foundation ($74k), Iltg Elementary PTO ($74k) and Creswell Booster Club ($74k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $618k against liabilities of $170k, net assets of $447k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.