Georgia Business Council Inc

Analysis

Georgia Business Council Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 1989, 37 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 Business Council Inc reported income of $2.1m and spending of $1.6m, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $2.1m (+36%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Business Council Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Disability Resources Agency for Independent Living ($2.1m), Be an Angel Fund Inc ($2.1m) and Stew Leonard III Water Safety Foundation Inc ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 37% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $229k (15% of expenses). Other salaries and wages came to $378k. At year end it held assets of $3.0m against liabilities of $123k, net assets of $2.9m.