Georgia Diversified Industries Inc

Analysis

Georgia Diversified Industries Inc is a registered charity in United States, based in Cartersville, GA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Georgia Diversified Industries Inc reported income of $251k and spending of $341k, spending 136% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $398k to $251k (-37%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Georgia Diversified Industries Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include High Plains Heritage Foundation ($251k), Space on Main ($252k) and Junior League of Salt Lake City Inc ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 60% of the total. Other salaries and wages came to $200k. At year end it held assets of $428k against liabilities of $434k, net assets of -$5,960.