Georgia Gerontology Society Incorporated

Analysis

Georgia Gerontology Society Incorporated is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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 2022, Georgia Gerontology Society Incorporated reported income of $63k and spending of $78k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $120k to $63k (-47%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Gerontology Society Incorporated sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within GA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($63k), PTA Florida Congress ($63k) and Nebraska Masonic Foundation ($63k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $19k (24% of expenses). At year end it held assets of $412k against liabilities of $593, net assets of $411k. It reported 1 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.