Georgia Sports Foundation Inc

Analysis

Georgia Sports Foundation Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Georgia Sports Foundation Inc reported income of $103k and spending of $78k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $103k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Georgia Sports Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within GA. Charities of a similar size with the same main cause include John Jay Baseball Booster ($103k), Hartford Youth Football Inc ($103k) and Eastern Howard-Greentown Jr Baseball Leagues Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. At year end it held assets of $211k against liabilities of $59k, net assets of $152k.