Georgia Independent College Association Inc

Analysis

Georgia Independent College Association Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Georgia Independent College Association Inc reported income of $2.0m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.0m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgia Independent College Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include North Dakota Adult & Teen Challenge Inc ($2.0m), Rooted ($2.1m) and The Enrichment Institute ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $327k (18% of expenses). Other salaries and wages came to $127k. At year end it held assets of $18.8m against liabilities of $66k, net assets of $18.8m. It reported 5 employees.