Southwest Georgia Academy Inc

Analysis

Southwest Georgia Academy Inc is a registered charity in United States, based in Damascus, GA. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Southwest Georgia Academy Inc reported income of $3.2m and spending of $3.0m, spending 94% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $1.9m to $3.2m (+62%), an average of +10% a year. The sharpest change came in the year to August 2021, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwest Georgia Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Vox Collegiate ($3.2m), Wilkinson Center ($3.2m) and Beckett Hall Inc ($3.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.3% and program service revenue 94% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $5.1m against liabilities of $2.5m, net assets of $2.6m. It reported 73 employees.