Friends of South Georgia Island

Analysis

Friends of South Georgia Island is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of South Georgia Island reported income of $885k and spending of $450k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $216k to $885k (+310%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of South Georgia Island sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Huskies Hockey Club Inc ($885k), Hawaii Island United Way Inc ($886k) and T F O C Incorporated ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $66k (15% of expenses). At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.