Medical College of Georgia Foundation Inc

Analysis

Medical College of Georgia Foundation Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in February 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Medical College of Georgia Foundation Inc reported income of $16.2m and spending of $12.6m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $62.3m to $16.2m (-74%), an average of -29% a year. The sharpest change came in the year to June 2020, when income dropped by 118%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Medical College of Georgia Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Friendship Aspire Arkansas Inc ($16.2m), Firmly Planted Family ($16.2m) and Global Community Charter School ($16.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $835k (6.6% of expenses). Other salaries and wages came to $758k. At year end it held assets of $349.0m against liabilities of $17.4m, net assets of $331.6m. It reported 18 employees.