Geears the Georgia Early Education Alliance for Ready Students Inc

Analysis

Geears the Georgia Early Education Alliance for Ready Students Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Geears the Georgia Early Education Alliance for Ready Students Inc reported income of $7.5m and spending of $2.0m, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $7.5m (+583%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 145%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geears the Georgia Early Education Alliance for Ready Students Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Georgia High School Association ($7.5m), Rockford Christian Education Association ($7.5m) and Accrediting Commission for Schools Western Association of Schools an ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $199k (9.8% of expenses). Other salaries and wages came to $874k. At year end it held assets of $7.7m against liabilities of $382k, net assets of $7.4m. It reported 16 employees.