The Technical College System of Georgia Foundation Inc

Analysis

The Technical College System of Georgia Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Technical College System of Georgia Foundation Inc reported income of $1.4m and spending of $2.1m, spending 154% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.4m (+17%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Technical College System of Georgia Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Family Abuse Services of Alamance County Inc ($1.4m), Phoenix Residential Services Inc ($1.4m) and Child Evangelism Fellowship of North Carolina Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $92k, net assets of $2.2m.