Georgia Education Foundation Inc

Analysis

Georgia Education Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Georgia Education Foundation Inc reported income of $90k and spending of $262k, spending 292% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $130k to $90k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Georgia Education Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Stronger Than Espresso Inc ($90k), Out of the End Inc ($90k) and Franklin Downtown Partnership Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $68k against liabilities of $32k, net assets of $36k.