Georgia Institute on Aging Inc

Analysis

Georgia Institute on Aging Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2023, Georgia Institute on Aging Inc reported income of $347k and spending of $372k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $336k to $347k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Georgia Institute on Aging Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within GA. Charities of a similar size with the same main cause include John Paul II Medical Research Institute ($347k), Resource Development Institute ($347k) and Churchill Community Hospital Auxiliary ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 33% of the total. Other salaries and wages came to $132k. At year end it held assets of $25k against liabilities of $41k, net assets of -$17k.