Georgia Advanced Technology Ventures Inc

Analysis

Georgia Advanced Technology Ventures Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Advanced Technology Ventures Inc reported income of $31.7m and spending of $21.2m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $42.2m to $31.7m (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgia Advanced Technology Ventures Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Hebrew Academy for Special Children Inc ($31.6m), Kipp Team and Family Schools Inc ($31.7m) and Overlake School ($31.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 76% of the total. At year end it held assets of $241.9m against liabilities of $157.9m, net assets of $84.0m.