Georgia Environmental Loan Acquisition Corp

Analysis

Georgia Environmental Loan Acquisition Corp is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, Georgia Environmental Loan Acquisition Corp reported income of $4.5m and spending of $16k, leaving 100% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.4m to $4.5m (+33%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 217%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Environmental Loan Acquisition Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Wendell Holmes Rural Fire Department ($4.5m), Davidson-Davie Community College Foundation Inc ($4.5m) and Springs Inc ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 9.4% of the total. At year end it held assets of $90.6m against liabilities of $10k, net assets of $90.6m.