Georgia Southwestern Foundation Inc

Analysis

Georgia Southwestern Foundation Inc is a registered charity in United States, based in Americus, GA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. 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, Georgia Southwestern Foundation Inc reported income of $2.9m and spending of $4.1m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.5m to $2.9m (-36%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 33%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Southwestern Foundation Inc sits at the 88th percentile: it is larger than about 88% 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 Southeastern Massachusetts Veterans Housing Program Inc ($2.9m), Catholic Neighborhood Outreach Incorporated ($2.9m) and Wisconsin Rural Water Association Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 14% of the total. Other salaries and wages came to $258k. At year end it held assets of $38.6m against liabilities of $1.9m, net assets of $36.7m. It reported 1 employees.