Georgia Tech Applied Research Corporation

Analysis

Georgia Tech Applied Research Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Georgia Tech Applied Research Corporation reported income of $832.6m and spending of $823.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $490.7m to $832.6m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Georgia Tech Applied Research Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include Yuma Regional Medical Center ($832.4m), Dayton Osteopathic Hospital ($834.5m) and SSM Health Care of Wisconsin Inc ($830.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $355.6m against liabilities of $275.5m, net assets of $80.1m.