Georgia Advancing Communities Together Inc

Analysis

Georgia Advancing Communities Together Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Georgia Advancing Communities Together Inc reported income of $627k and spending of $551k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $627k (+162%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 176%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Georgia Advancing Communities Together 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 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Smyrna RHF Housing Inc ($627k), BT of Ark Inc ($627k) and Cascades Sonrise Development Corporation ($626k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $125k (23% of expenses). Other salaries and wages came to $141k. At year end it held assets of $730k against liabilities of $250k, net assets of $480k. It reported 5 employees.