Assumptions Inc

Analysis

Assumptions Inc is a registered charity in United States, based in Peachtree Cty, GA. It received its IRS tax-exemption ruling in June 2015, 11 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, Assumptions Inc reported income of $180k and spending of $222k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $188k to $180k (-4.4%), an average of -4.4% a year. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Assumptions Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within GA. Charities of a similar size with the same main cause include Claires Community Inc ($179k), Focal Point Corporation ($180k) and Lido Civic Club Charities Inc ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $41k against liabilities of $4,276, net assets of $36k.