Georgia Tech Alumni Association Inc

Analysis

Georgia Tech Alumni Association Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1949, 77 years ago. 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 2024, Georgia Tech Alumni Association Inc reported income of $7.6m and spending of $7.9m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.7m to $7.6m (+15%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Tech Alumni Association Inc sits at the 94th percentile: it is larger than about 94% 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 Lake Worth Christian School Society Inc ($7.6m), Ari of Connecticut Inc ($7.6m) and Allen Community Outreach ($7.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $467k (5.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $3.3m against liabilities of $1.1m, net assets of $2.2m. It reported 56 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.