Southwest Georgia United Empowerment Zone Inc

Analysis

Southwest Georgia United Empowerment Zone Inc is a registered charity in United States, based in Cordele, GA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Georgia United Empowerment Zone Inc reported income of $2.8m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southwest Georgia United Empowerment Zone Inc sits at the 90th percentile: it is larger than about 90% 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 Recovery Research Network Foundation Inc ($2.8m), Central Pennsylvania Community Foundation ($2.8m) and United Way of the Ocoee Region ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $90k (3.4% of expenses). Other salaries and wages came to $833k. At year end it held assets of $13.5m against liabilities of $5.6m, net assets of $7.9m. It reported 26 employees.