Fore Augusta Foundation Inc

Analysis

Fore Augusta Foundation Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Fore Augusta Foundation Inc reported income of $513k and spending of $708k, spending 138% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $459k to $513k (+12%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fore Augusta Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include New York Chinese Cultural Center Inc ($513k), Tobacco Road Incorporated ($513k) and Pittsburgh Center for Creative Reuse ($513k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 113% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $95k (13% of expenses). Other salaries and wages came to $201k. At year end it held assets of $1.3m against liabilities of $405k, net assets of $864k. It reported 18 employees.