Georgia Council on Economic Education

Analysis

Georgia Council on Economic Education is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 December 2023, Georgia Council on Economic Education reported income of $1.2m and spending of $1.0m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Georgia Council on Economic Education sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Northwest Film Forum ($1.2m), Santa Cecilia Opera and Orchestra Association ($1.2m) and American Classical League ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $206k (20% of expenses). Other salaries and wages came to $295k. At year end it held assets of $6.6m against liabilities of $0, net assets of $6.6m. It reported 5 employees.