George Faile Foundation Inc

Analysis

George Faile Foundation Inc is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, George Faile Foundation Inc reported income of $150k and spending of $179k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $150k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, George Faile Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within GA. Charities of a similar size with the same main cause include Roots for Life Corporation ($150k), Womans Club of Escondido ($150k) and Bridge 2 Home ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $29k. At year end it held assets of $847k against liabilities of $0, net assets of $847k.