South Fulton Institute Inc

Analysis

South Fulton Institute Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2004, 22 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 December 2023, South Fulton Institute Inc reported income of $144k and spending of $480k, spending 333% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $144k (-95%), an average of -52% a year. The sharpest change came in the year to December 2022, when income dropped by 86%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Fulton Institute Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Atlantic Coast Club Inc ($144k), Kevin Oconnor Scholarship Fund Inc ($144k) and California Federation of Womens Clubs ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $100k (21% of expenses). Other salaries and wages came to $96k. At year end it held assets of $1.2m against liabilities of $5,891, net assets of $1.2m. It reported 13 employees.

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.