Georgia Communities Inc

Analysis

Georgia Communities Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 July 2023, Georgia Communities Inc reported income of $792k and spending of $614k, leaving 22% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $537k to $792k (+48%), an average of +10% a year. The sharpest change came in the year to July 2023, when income rose by 234%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Georgia Communities Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Belair-Edison Neighborhoods Inc ($792k), Nutley Episcopal Senior Housing Inc ($792k) and Brothers of Mercy Housing Company Inc ($792k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $447k (73% of expenses). At year end it held assets of $955k against liabilities of $255k, net assets of $700k. It reported 2 employees.