Gainesville Georgia Homeschool Academy Inc

Analysis

Gainesville Georgia Homeschool Academy Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gainesville Georgia Homeschool Academy Inc reported income of $305k and spending of $236k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $232k to $305k (+32%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gainesville Georgia Homeschool Academy Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Elizabeth Avenue Volunteer Fire Company ($305k), Imam Alkisai Institute of America ($305k) and Highland Lakes Health Fund ($305k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $140k. At year end it held assets of $191k against liabilities of $46k, net assets of $145k. It reported 8 employees.