Spirit of Atlanta Inc

Analysis

Spirit of Atlanta Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Spirit of Atlanta Inc reported income of $1.1m and spending of $1.7m, spending 151% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.3m to $1.1m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to August 2021, when income rose by 115%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spirit of Atlanta Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Prosocial World ($1.1m), Hui Malama O Ke Kai Foundation ($1.1m) and Jaxx Theatricals Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $210k against liabilities of $267k, net assets of -$57k.