Georgia Tech Athletic Association

Analysis

Georgia Tech Athletic Association is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1955, 71 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, Georgia Tech Athletic Association reported income of $129.9m and spending of $138.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $90.5m to $129.9m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgia Tech Athletic Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Loyalist College of Applied Arts and Technology ($129.7m), Augsburg University ($130.1m) and St Catherine University ($129.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.0m (0.7% of expenses). Other salaries and wages came to $44.4m. At year end it held assets of $371.3m against liabilities of $299.9m, net assets of $71.4m. It reported 391 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.