Augusta Charity Classic Fund Inc

Analysis

Augusta Charity Classic Fund Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in May 2001, 25 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, Augusta Charity Classic Fund Inc reported income of $258k and spending of $243k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $258k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Augusta Charity Classic Fund Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Bedford Lions Club Charities Inc ($258k), Childrens World Impact Inc ($259k) and Griffin-Spalding County United Way ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.